# The City of Johannesburg has welcomed the decision by Moody’s Ratings to affirm the City’s longterm issuer rating at Ba3 while revising the outlook to Positive. The city’s spokesperson, Nthantisi Modingoane, says it represent an important vote of confidence in the City’s financial resilience, its ability to meet its debt obligations and the strength of Johannesburg’s economic fundamentals despite a challenging operating environment:
Johannesburg welcomes Moody’s Ratings confirmation and positive outlook [SOUND]
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