In The News South Africa

Eskom notes Fitch ratings downgrade, vows to implement turn around strategy

JOHANNESBURG, January 31 – South Africa’s power utility Eskom on Wednesday said that it “noted” the decision by Fitch Ratings Agency to downgrade its long-term local currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings to ‘BB-‘ from of ‘BB+’ and maintained the ratings on Rating Watch Negative (RWN). Eskom interim group chief executive, Phakamani […]