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S&P Global says no immediate pressure on South Africa rating

JOHANNESBURG (Reuters) – Ratings agency S&P Global’s South Africa analyst said on Thursday there was no immediate pressure to change the country’s sovereign rating, despite weak economic growth and a growing debt burden.

“We don’t believe that there is immediate pressure to change the ratings in the near term,” S&P Global analyst Gardner Rusike told a ratings conference. S&P Global rates South Africa below investment grade.

(Reporting by Mfuneko Toyana; Writing by Alexander Winning; editing by John Stonestreet)

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