Johannesburg, June 17, 2015 -- Moody's Investors Service has today assigned a long-term debt rating of A1.za (South African national scale rating) to Ekurhuleni Metropolitan Municipality'sZAR900 million senior unsecured amortising fixed-rate notes due 2025. These notes are issued under Ekurhuleni'sZAR8 billion Domestic Medium Term Note programme rated A1.za and will be listed on the Johannesburg Stock Exchange. Proceeds from the notes will be used to finance the city's infrastructure requirements.
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