Goldman Sachs analysts said South Africa could regain its first investment grade rating in 2028 following years of fiscal and economic improvements since the pandemic. ^[1] President Claudia Sheinbaum of Mexico stated during her Second Government Report that the 2027 Economic Package will be responsible and guarantee gradual fiscal consolidation. ^[2] S&P Global Ratings revised its outlook on Viper Energy Inc. to positive from stable and affirmed its BBB- issuer credit rating on Tuesday. ^[3] Growth slowed from 4% to 1% on a 10-year rolling basis and public debt tripled from 24% of GDP in 2007 during the downgrades. ^[4] The country's median credit rating fell five notches from BBB+ to BB- between 2010 and the early 2020s, reversing upgrades made from 1995 through 2009. ^[5] The President announced that the government will seek to reduce the fiscal deficit while maintaining public investment and resources for welfare, health, and education. ^[6] The rating agency Standard & Poor's indicated that fiscal consolidation has advanced slowly, leading it to change its outlook from Stable to Negative while maintaining the country's rating. ^[7] At the end of 2024, the fiscal deficit reached a historic level of 5.8% of GDP, which was attempted to be reduced to 3.9% the previous year. ^[8]