Eskom notes Moody’s downgrade with disappointment Eskom says it has noted with disappointment Moody’s decision to downgrade the power utility’s credit rating of its unsecured debt deeper into sub investment grade.
decision to downgrade the power utility’s credit rating of its unsecured debt deeper into sub investment grade.Moody’s has warned that Eskom faces significant challenges that are not easy to solve.
These include very high indebtedness, limited revenue growth and non-payment by the municipalities.He says Eskom will continue to work closely with shareholder ministries to resolve the current challenges.Eskom’s debt is estimated at over R440 billion.
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