Every year the Treasury Department appoints an independent agency to give the City a
credit rating.  The agency does this by analysing the City's key financial operational and organisational data and conducting interviews with the Executive Mayor, the City Manager
and senior City officials.

The City needs a credit rating to demonstrate its ability to meet its short and long term
financial obligations. Potential lenders also use it to assess the City's credit risk, which in
turn affects the pricing of any subsequent loans taken.

The City’s current ratings from Moody’s Investors Service are:

Long–term debt rating: Aa2.za (Investment grade, high grade)

Short-term issuer rating: P-1.ZA

 Moody's Credit Opinion, March 2012 (PDF, 80kb)

 Moody's Credit Opinion, November 2011 (PDF, 78kb) 

 Moody's Credit Analysis, June 2011 (PDF, 233kb)