Moody’s ERWAT Credit Opinion
Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Moody’s ratings and analysis track debt covering more than:
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
The Ba1/Aa3.za global and national scale long-term issuer ratings of East Rand Water Care Company (ERWAT) reflect its close financial and operational links with its support provider, Ekurhuleni Metropolitan Municipality (Baa3/Aaa.za), which guaranteed 92% [...]