S&P holds Eskom rating steady

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Johannesburg – Rating agency Standard & Poor’s (S&P) has affirmed its BB- credit rating for Eskom, and the outlook for the power utility remains negative.

S&P said the R350bn government support provided to Eskom through the Guarantee Framework Agreement from March 2017 to March 2023 contributed to the affirmation of the rating.

The rating agency previously expressed concerns about the Guarantee Framework Agreement , which was to expire on March 31.

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