# The City of Cape Town says a positive outlook from Moody’s Ratings is a strong vote of confidence in its governance, financial management and service delivery. The ratings agency has upgraded the city’s outlook from stable to positive, citing strong financial performance, high revenue collection, low debt levels and sound financial planning. Mayoral committee member for finance, Siseko Mbandezi, says the upgrade will help the city access funding at better rates for its 40-billion-rand infrastructure programme.
Cape Town earns Moody’s confidence with positive ratings upgrade