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EUR 154.98 For Business Accounts Only

Moody's Ratings assigns Ba3/NP and Aa3.za/P-1.za issuer ratings to TCTA-Vaal River System (VRS); stable outlook

Moody's Ratings (Moody's) has today assigned a first time Ba3 long-term global scale issuer rating, NP short-term global scale issuer rating, Aa3.za long-term national scale issuer rating and P-1.za short-term national scale issuer rating, to a Trans-Caledon Tunnel Authority (TCTA) project, TCTA-Vaa...
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Moody's Investors Service
Moody's Investors Service

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. Our ratings and analysis track debt covering more than:

  • 130 countries
    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.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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