A favourable rating from Moody’s holds several benefits for the administration and the residents of Cape Town.

Moody’s is one of the world’s leading ratings agencies. A favourable rating gives investors confidence in the financial leadership and management of this municipality. As a result, companies that do business with the City can do so in the full knowledge that the City is able to pay its accounts.

A strong rating also allows for a lower interest rate from banks and other financial institutions, which places the City in a stronger financial position. The stronger the City’s financial position, the more resources can be allocated to our citizens, in particular to those most in need of our assistance. 

According to Moody’s the City of Cape Town's long- and short-term Global Scale Rating of Baa2 and Prime -2 respectively, and long- and short-term national scale rating of Aaa.za and Prime -1.za respectively, reflect the City's robust budgetary performance, strong liquidity position, and moderate debt levels. The financial position is supported by the administration's prudent financial policies, and its relatively large and diversified economic base.

This administration will continue to build a City that is financially resilient and prudent. I would like to thank all our committed officials for once again placing Cape Town in this strong position.

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