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Joburg credit rating keeps improving |
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The City has
shown steady improvement in its Fitch credit rating over the past six years,
moving from a long-term national credit rating of A-(zaf) in 2003 to AA-(zaf) in
2008.
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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