# Moody’s Ratings has shown confidence in Johannesburg’s finances, citing sound operations, moderate debt, and prudent management despite political turmoil and wasteful spending. Analysts said the city maintains positive margins and solid financial oversight, however, warned of rising debt from infrastructure backlogs and population growth. The review contrasts with Finance Minister Enoch Godongwana’s concerns over 24.4-billion-rand in irregular expenditure. Johannesburg retains a Ba3 stable credit rating, indicating a moderate to high level of credit risk, just below Cape Town’s Ba2 and the national government’s rating.
Moody’s confident in Johannesburg finances despite political instability