Fitch upgrades Eskom rating after SA sovereign boost
Fitch Ratings has upgraded the long-term credit rating of Eskom Holdings SOC Ltd to 'B+' from 'B', citing stronger support from the South African government following the recent upgrade of South Africa's sovereign credit rating.
Staff Writer
Fitch Ratings has upgraded the long-term credit rating of Eskom Holdings SOC Ltd to ‘B+’ from ‘B’, citing stronger support from the South African government following the recent upgrade of South Africa’s sovereign credit rating.
The ratings agency announced that Eskom’s long-term Issuer Default Rating (IDR) had been raised to ‘B+’ with a Stable Outlook.
Fitch also upgraded Eskom’s senior unsecured debt rating to ‘B+’ from ‘B’, while its government-guaranteed senior unsecured debt was lifted to ‘BB’ from ‘BB-‘.
