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Joburg credit rating keeps improving Print E-mail a friend

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

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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Chancellor House to be restored
THE City has big plans for Chancellor House, the former home of the Mandela and Tambo law firm in the centre of Joburg.
Legend is unforgettable
A MUSICAL on the life of pianist Nat King Cole is scheduled for the Joburg Theatre Complex, with a special ballet performance to raise funds for the South African Ballet Theatre.
William Nicol to close
A SECTION of William Nicol Drive will be closed, preventing access to and from the N1, over the long weekend, as the interchange is converted into a single point interchange.
Inner city housing in focus
THE Inner City Charter Partnership Forum discussed progress in revitalising the inner city, with a specific focus on the residential sector and plans for bad buildings.
Big stars to rock Joburg
MUSIC will begin the World Cup, with a huge concert planned to celebrate the kickoff. Loads of international stars are on the bill.

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