City of Johannesburg | Downgrades, Audits and Financial Statements: Tebogo Moraka

City of Johannesburg, is facing a downgrade in its credit rating from Moody’s. Moody’s has placed the city on review for a downgrade, which will impact several of the metro’s ratings. A downgrade would push these ratings from their current Ba3 level deeper into junk/non-investment grade status. Ba3 is the third strata of non-investment/junk status. This was due to the city failing to publish its annual financial statements for the year ended 30 June 2025 within the timeframe stated by the ratings agency. For more on this we are joined by the city of johannesburg’s chief financial officer Tebogo Moraka.

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