Global ratings agency Fitch has affirmed Eskoms Long-Term Local Currency Issuer Default Rating at B with a stable outlook, reinforcing confidence in the utilitys ongoing operational and financial recovery.
Fitch also affirmed Eskoms senior unsecured debt at B with a Recovery Rating of RR4, and its senior unsecured guaranteed debt at BB-, while it maintained the utilitys Standalone Credit Profile at ccc.
AffirmationThe global ratings agency said the affirmation reflects the strong links between Eskom and South Africas BB- Outlook Stable, under Fitchs latest Government-Related Entities rating criteria.
