Fitch affirms Eskom

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

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

According to the agency, the negative outlook on the long-term issuer default rating reflects the alignment of Eskom's ratings with that of the Republic of South Africa (long-term local currency issuer default rating A and foreign currency issuer default rating BBB+, both with a negative outlook).

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