Fitch revises Eskom view to negative

Fitch Ratings said it revised the outlook on Eskom Holdings SOC Ltd. to negative from stable and affirmed its long-term local-currency issuer default rating at BBB-.

The revision follows the Nov. 25 change in outlook on South Africa's long-term issuer default rating to negative from stable, the agency said. The uncertainty around the approval for the Guarantee Framework Agreement (GFA) also contributes to the negative outlook on the issuer default rating and national long-term ratings.

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