May 28, 2024 13:44 GMT
SOUTH AFRICA: Fitch Affirm Eskom at 'B'; Outlook Stable
SOUTH AFRICA
Fitch Ratings has affirmed Eskom Holdings SOC Ltd.'s Long-Term Local-Currency Issuer Default Rating at 'B'. The Outlook is Stable. More from Fitch below:
- "The rating affirmation mainly reflects strong links between Eskom and South Africa (BB-/Stable)"
- "Our assessment of Eskom's Standalone Credit Profile (SCP) remains unchanged at 'ccc-', reflecting its poor operating performance, weak financial position, and liquidity that remains highly dependent on the government support through a debt relief programme till financial year ending March 2027."
Full report here.
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