Fitch affirms Eskom

Fitch Ratings said it affirmed Eskom Holdings SOC Ltd.'s long-term local currency issuer default rating at A, its long-term national rating at AAA(zaf) and short-term national rating at F1+(zaf).

The outlook on the local currency issuer default rating is negative, while the outlook on the national long-term rating is stable.

The negative outlook on the issuer default rating reflects Fitch's alignment of Eskom's ratings with those of its 100% shareholder, South Africa (long-term local currency issuer default rating A and foreign currency issuer default rating BBB+, both with negative outlooks), the agency added.

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