May 20 (Reuters) - Ratings agency S&P on Friday revised South Africa's https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2842888 outlook to "positive" from "stable", citing favourable terms of trade that would continue to support the country's fiscal and external receipts.

S&P affirmed the "BB-/B" foreign currency and "BB/B" local currency ratings on South Africa. (Reporting by Ahmed Farhatha in Bengaluru and Olivia Kumwenda-Mtambo in Johannesburg; Editing by Amy Caren Daniel)