CITY OF TSHWANE METROPOLITAN MUNICIPALITY - Moody's Rating Action - CTMM

Moody's Rating Action - CTMM

THE CITY OF TSHWANE METROPOLITAN MUNICIPALITY
(A municipality as described in section 2 of the Local Government Municipal Systems Act, 2000, duly
established in terms of Notice No. 6770, promulgated in the Provincial Gazette Extraordinary of
1 October 2000 in terms of section 12(1) read with section 14(2) of the Local Government: Municipal
Structures Act, 1998, as amended)
(Issuer code: CTMM)
("City of Tshwane" or "City")

MOODY'S RATING ACTION

Moody's Investor Services (Moody's) has today placed the City of Tshwane's Caa2 long term issuer
rating, caa2 BCA and its Caa1.za NSR long-term issuer rating on review for downgrade.

Concomitantly Moody's has affirmed City of Tshwane's NP short term issuer rating and NSR short
term issuer rating of Non-Prime (NP.za).

Full details on the ratings action by Moody's on 06 March 2024, are available on the following link:
PR_486138.

The terms and conditions as provided for in the Programme Memorandum and relevant Applicable
Pricing Supplements are available for viewing and download at:
https://www.tshwane.gov.za/?page_id=16277.

For further information, please reach out to the City of Tshwane Metropolitan Municipality:

Chris Thipe: Divisional Head (Treasury Office)
Email: Christ@tshwane.gov.za
Tel: 012 358 6068

Or

Gareth Mnisi: Chief Financial Officer
Email: cfo@tshwane.gov.za
Tel: 012 358 8801


Tshwane
07 March 2024

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 07-03-2024 08:30:00
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