US EditionS&P upgrades Eskom's rating to B+
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2 Articles
S&P upgrades Eskom's rating to B+
Global ratings agency S&P has upgraded Eskom’s foreign and local currency long-term credit ratings from B to B+, with a stable outlook. According to the power utility, the upgrade also applies to Eskom’s senior secured and unsecured debt, while government-guaranteed foreign currency debt was raised from BB- to BB+. ‘Stabilised generation’ “Eskom’s national scale rating improved from zaBBB+/zaA-2 to zaAV/zaA-1. The upgrade reflects the measurable…
S&P Global Ratings has noted Eskom's long-term credit rating in foreign and local currencies from B to B+, with a stable outlook, confirming the gradual improvement of the financial and operational strength of the South African public electricity company. The revision, published on Tuesday 25 November, also concerns the main debt guarantee and not the debt guarantee.
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