Announcements Corporate Public Sector Rating Alerts

City of Ekurhuleni assigned an initial South African National Scale Issuer Credit Ratings of BBB(ZA)/B(ZA) with a Stable Outlook balancing its weak performance in recent years against expectations of a strengthening financial profile.

Rating Action Johannesburg, 20 April 2022 – GCR Ratings (“GCR”) has accorded the City of Ekurhuleni national scale long and short-term Issuer ratings of BBB(ZA)…