CityPress - - Business -

In the story “Rate hike looms as rat­ings cut deep” (City Press, June 7 2015), we said the ma­jor rat­ings agen­cies are widely ex­pected to af­firm South Africa’s sovereign rat­ing a notch above junk sta­tus with a neg­a­tive out­look as they re­lease their out­look over the next few weeks. For the record, Fitch Rat­ings has rated South Africa two notches above junk sta­tus with a neg­a­tive out­look, and Stan­dard & Poor’s and Moody’s have rated it one notch above junk with a sta­ble out­look. Stan­dard & Poor’s re­leased its rat­ing re­view only on Fri­day.

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