Moody’s recognises Tshwane’s improving financial management, including a declining debt burden [SOUND]

# The City of Tshwane has welcomed the latest review by credit rating agency Moody’s, which points to improvements in the metro’s financial management and operating performance. In its review published on 23 October, Moody’s noted Tshwane’s stronger credit metrics and a declining debt burden. The metro’s spokesperson Samkelo Mgobozi says the agency projects that Tshwane’s debt will decline to approximately 12-percent of operating revenue by the 2027 financial year, with its operating margin stabilising at between seven and eight-percent: