Moody’s could drop Eskom

Moody's Investors Service said it placed the Ba1 senior unsecured and the provisional Ba1 senior unsecured medium-term note ratings of Eskom Holdings SOC Ltd. on review for downgrade.

The agency also placed Eskom's Ba1global scale and A2.za national scale corporate family rating and Ba1-PD probability of default rating on review for downgrade.

Moody’s said the action follows the potential weakening of the South African government's credit profile, in particular in the country's institutional, economic and fiscal strength, as captured by the agency’s recent decision to place South Africa's Baa2 government bond ratings on review for downgrade.

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