Eskom Holdings Says Timing of Moody's Credit Ratings Review Is Fitting

Eskom Holdings Ltd., South Africa’s state-owned electricity utility, said Moody’s Investors Service Inc.’s announcement yesterday lifting the negative outlook on Eskom’s Baa2 bonds to stable was “fitting.”

“Eskom views this rating amendment favorably and views it as a further enabler to its commitment to delivering the much needed capacity whilst maintaining the financial sustainability of the company,” according to an e-mailed statement from the Johannesburg-based utility today.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.