Moody's rates Matlosana A3.za

Moody's Investors Service said it assigned a national-scale issuer rating of A3.za with stable outlook to the City of Matlosana in South Africa.

The rating of Matlosana reflects its geographic position as regional economic hub in the North West Province, which has recently experienced substantial growth in the property sector on the back of commercial development and the revitalization of gold mining activities, the agency noted.

Debt levels are slightly above the industry average, but are considered manageable given the size of the municipality's revenue base as well as the expected growth, the agency added.

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