Other Administrative Neutral
ESKOM HOLDINGS SOC LIMITED - BIESKM - Fitch Ratings upgrades Eskom?s credit ratings
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What this filing means
Fitch Ratings has upgraded Eskom's long-term issuer default and debt ratings to B+, mechanically tracking the recent sovereign upgrade of South Africa.
Bull case
- Fitch Ratings has upgraded Eskom's Long-Term Issuer Default Ratings to B+ from B, with a stable outlook.
- The upgrade confirms the group's continued strong linkage to the state and benefits directly from the recent improvement in the Republic of South Africa's sovereign credit rating.
Bear case
- The rating upgrade is mechanically linked to the sovereign credit rating improvement rather than signaling an internal financial or operational turnaround at Eskom.
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