S&P slated to announce results of its review today
S&P cut South Africa's local-currency debt to BB+ in early April after Prime Minister Zuma replaced finance minister Pravin Gordhan in early April.
The foreign-currency rating of BBB- is in focus today. It was lowered to the current level in April and that included a negative outlook. A cut would put it into junk status would hurt the rand while a switch to a stable outlook would give it a boost.
On Thursday Fitch affirmed both the local and foreign-currency ratings at BB+.
