GCR places Buffalo City Metropolitan Municipality’s national scale ratings ‘Under Review’
Johannesburg, 30 Nov 2017—Global Credit Ratings has today placed Buffalo City Municipality’s national scale Issuer ratings “Under Review”. As the rating process has been postponed to January 2018, the final rating outcome is only expected in February 2018. The existing ratings continue to be supported by GCR until the end of February 2018.
NATIONAL SCALE RATINGS HISTORY
Initial rating (August 2003)
Long term: BBB(ZA); Short term: A3(ZA)
Last rating (November 2016)
Long term: A(ZA); Short term: A1(ZA)
Sector Head: Corporate & Public Sector Debt Ratings
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