Madrid, May 26, 2015 -- Moody's Investors Service has today assigned long-term and short-term issuer ratings (South African national scale) of Baa1.za/P-2.za to Breede Valley Municipality in South Africa. The ratings reflect the municipality's high debt-to-revenue ratio relative to rated peers, although this is projected to stabilize in the medium term, despite a planned increase in debt stock. The rating also incorporates the municipality's consistently healthy liquidity position and narrow economic base. The outlook is stable.

Vollständigen Artikel bei Moodys lesen