# South Africa Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores South Africa at 64 out of 100 as of 9 November 2026, equivalent to BBB+ on the familiar letter scale — investment grade.
The score is down 0.1 points from 64 on 1 October 2026.
That places South Africa 41st of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 78.4% of GDP, a fiscal balance of −6.6% of GDP, a current account balance of −0.07% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:ZA`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/south-africa/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 64.3 | BBB+ |
| 2026-10-01 | 64.4 | BBB+ |
| 2026-07-31 | 64.4 | BBB+ |
| 2026-07-30 | 46.4 | BB |
| 2026-07-26 | 46.8 | BB |
| 2026-06-21 | 54.3 | BBB- |
| 2026-06-18 | 50.9 | BB+ |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$6,597.7 |
| Real GDP growth, 5-year average | 1.9% |
| Inflation, recent average | 3.9% |
| Government debt | 78.4% of GDP |
| Fiscal balance | −6.6% of GDP |
| Current account balance | −0.07% of GDP |
| External debt | 44.8% of GDP |
| Foreign-exchange reserves | 6.2 months of imports |
| Governance (World Bank WGI composite) | −0.0783 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/ZA
```