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City of Johannesburg welcomes Moody's ratings confirmation, positive outlook
The City of Johannesburg (CoJ) has welcomed the decision by Moody's Ratings to affirm the city's long-term issuer rating at Ba3, while revising the outlook to positive, following the conclusion of its review. The city, in a media release, says the rating affirmation and positive outlook represent an important vote of confidence in the city's financial resilience, its ability to meet its debt obligations and the strength of Johannesburg's economic fundamentals despite a challenging operating environment.
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engineeringnews.co.za
City of Johannesburg welcomes Moody's ratings confirmation, positive outlook
The City of Johannesburg (CoJ) has welcomed the decision by Moody's Ratings to affirm the city's long-term issuer rating at Ba3, while revising the outlook to positive, following…
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africa.businessinsider.com
South Africa’s richest city wins Moody’s confidence despite growing debt burden
Moody’s affirmed Johannesburg’s Ba3 credit rating and revised its outlook to positive despite the city facing a $117 million budget shortfall, mounting utility debts and…