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Joburg credit ratings Print E-mail

The City has improved its credit rating over last year's rating, says Fitch Ratings

Credit rating agencies provide markets with credit opinions of the City based on detailed history of borrowing and repayment, as well as the availability of assets and extent of liabilities. 

City's update following sovereign action
Tuesday, 20 June 2017

The City of Johannesburg's Baa3/P-3, global and national-scale issuer and debt ratings reflect the city's status as South Africa's business capital and main financial and economic centre, which allows it to access a broad tax base.
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City's update following initiation of rating review
Thursday, 6 April 2017

The City of Johannesburg's global scale ratings of Baa2/P-2 and national scale ratings of primarily reflect the city's status as South Africa's business capital and main financial and economic centre, which allows it access to a broad tax base.
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City continues to improve rating

Tuesday, 26 August 2008
A number of factors have contributed to Joburg's improved rating; the "biggest by far is revenue collection", followed by solid management, its turnaround strategy, and credit control.
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AA-credit rating for City
Friday, 08 August 2008
Johannesburg has received good news from the international agency Fitch Ratings, which has upgraded its credit ratings, saying its outlook is stable.
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City celebrates clean audit    
Monday, 10 March 2008
Executive Mayor Amos Masondo thanked his staff for achieving a clean audit report from the auditor-general with a sumptuous banquet.
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Joburg is Africa's economic leader    
Wednesday, 28 November 2007
A recent study has confirmed what has been suspected all along – Johannesburg is the continental leader and economic hub.
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A+ credit rating for Joburg    
Wednesday, 25 April 2007
In a display of confidence in the City's ability to repay its debts, the international credit rating agency Fitch has upgraded its long-term credit rating. Its upcoming unsecured bond issue has also been rated 'stable'.
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International nod for Joburg's credit control
Tuesday, 30 May 2006
Fitch, an international ratings agency, upgrades the City's long-term credit rating, just a day after a local company gives Johannesburg the thumbs up.
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Last Updated on 21 June 2017