S&P puts Eskom on positive credit watch | Business

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S&P Global Ratings has put Eskom's debt assessment on positive watch, meaning it may upgrade South Africa’s state-owned power utility. | News24_Business

The move follows the announcement last month that Eskom will receive R254 billion in debt relief from the government, the ratings company said in a statement on Tuesday.

S&P expects the move"will address Eskom’s near-term debt obligations once implemented and give Eskom room to focus on operational improvements and electricity-sector reform targets." S&P could raise Eskom’s CCC+ rating by one or more notches based on the expectation that the utility’s liquidity position will strengthen and that the risks of a near-term default event will reduce once the debt relief agreement is implemented.

 

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_Business We all know if Zuma was still president this positive outlook would be negative.

_Business More debt loading….yay!?🤔

_Business

_Business This is all about auctioning Eskom.

_Business i will always be thankful to God for giving me a reliable source no more lost,. through Brandonkaren11 Bitcoin mining investment platform

_Business Of course they would... If I had 1/2 my debt 'removed' I would also get a better 'Clearscore' rating 🤦‍♂️ Doesn't mean I can held my finances any better

_Business Upgrade? From what to what? Proper fuct to just, FUCT

_Business And then they will downgrade SA govt as a result of increasing its debt by having taken on the Eskom debt.

_Business Credit to Shareholder show took 50% of the debt book.

_Business But these agencies are proxies for global capitalists. Why do we have to listen to them? They stand to benefit from Eskom should Ramaphosa succeed in auctioning it.

Sophie_Mokoena _Business We all know this is nonsense.

_Business Thanks Andre de Ruyter for this glimmer of hope.

_Business Kanjani manje?

_Business I wish I could comment 🤐

_Business SizweDhlomo what does this mean?

_Business 🧐🧐🧐

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