The City's credit rating
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 by conducting interviews with the Executive Mayor, the City Manager and senior City officials.
The City’s current ratings
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 as follows:
- Long-term debt rating – Aa2.za
- Short-term issuer rating – P-1.ZA
Document downloads
-
2007 Year-End Audited Financial Statements
30/06/2007, Financial statement - 10.7 MB
December 2017: Moody's Credit Opinion
01/12/2017, Credit rating opinion - 1.3 MB
February 2014: Moody's Credit Opinion
01/02/2014, Credit rating opinion - 135.1 KB
February 2015: Moody's Credit Opinion
01/02/2015, Credit rating opinion - 133.9 KB
February 2016 Moody's Credit Opinion
01/02/2016, Credit rating opinion - 134.9 KB
January 2017: Moody's Credit Opinion
13/06/2017, Credit rating opinion - 1.6 MB
July 2016 Moody's Credit Opinion
04/07/2016, Credit rating opinion - 1.5 MB
June 2017: Moody's Credit Opinion
15/06/2017, Credit rating opinion - 1.3 MB
March 2020: Moody's Credit Opinion
13/03/2020, Credit rating opinion - 1.2 MB
November 2014 Moody's Credit Opinion
01/11/2014, Credit rating opinion - 134.9 KB
Would you like to print this page?
print 