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 governance challenges

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…

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…