Moody’s rates Eskom CFR Ba1/A2.za

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

This concludes the review initiated on Sept. 14.

Concurrently, the agency assigned to Eskom a global scale corporate family rating of Ba1, a probability of default rating of Ba1-PD and a national scale rating corporate family rating of A2.za.

The outlook is negative.

Moody’s said the Ba1 corporate family rating is aligned with the company's existing Ba1 senior unsecured ratings. The Ba1-PDR reflects the agency’s expectation of a family-loss-given-default assessment of 50% for the debt that is not supported by the government guarantee.

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