Ratings agency Standard & Poor’s has kept Eskom’s credit rating below sub-investment grade. The power utility on Thursday evening issued a statement indicating that the ratings agency affirmed its foreign and local currency long-term ratings at CCC+, with a negative outlook. A CCC rating means that the power utility is[…]
Ratings agency Standard and Poor’s has kept the country’s credit rating at junk status. It says South Africa continues to face economic growth challenges. But, it acknowledges government’s efforts to foster economic and social reform. S&P held its credit rating on rand-denominated government bonds at one tier junk status, BB+[…]
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