S&P downgrades Eskom’s credit rating

Business Report 18 October 2012.

Standard & Poor’s Ratings Service has lowered its long-term local and foreign currency corporate credit ratings on South Africa-based power utility ESKOM Holdings SOC Ltd. (ESKOM) to ‘BBB’ from ‘BBB+’. The outlook remains negative.

At the same time‚ the rating agency has affirmed its long- and short-term South Africa national scale ratings on ESKOM at ‘zaAA/zaA-1’…

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