Fitch ups Eskom, Transnet view to stable

Fitch Ratings said it revised the outlooks for Eskom Holdings Ltd. and Transnet Ltd.'s long-term issuer default ratings to stable from negative, following the same action on the South African sovereign ratings.

Eskom's long-term local-currency issuer default rating was affirmed at A, local-currency senior unsecured rating at A, national long-term rating at AAA(zaf) and national short-term rating at F1+(zaf).

Transnet's long-term local-currency issuer default rating was affirmed at BBB+, long-term foreign-currency issuer default rating at BBB-, short-term foreign-currency issuer default rating at F3, short-term local-currency issuer default rating at F2, foreign-currency senior unsecured at BBB-, senior unsecured local-currency rating at BBB+, government guaranteed bond issue at AAA(zaf), national senior unsecured rating at AA-(zaf), national long-term rating at AA-(zaf) and national short-term issuer default rating at F1+(zaf).

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