# Rating agency Moody’s has placed the City of Johannesburg’s credit rating on review for a possible downgrade, citing concerns over governance and liquidity risks. This follows the suspension of the city’s bonds by the Johannesburg Stock Exchange after delays in publishing audited financial statements on time. According to News24 Moody’s says the decision has weakened market confidence and may restrict the city’s ability to raise new debt or refinance existing obligations.
Moody’s places City of Johannesburg credit rating on review for downgrade