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.
_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 🧐🧐🧐