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Eskom Holdings Says Timing of Moody’s Ratings Review Is Fitting

Dec. 2 (Bloomberg) -- 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

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