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ESKOM HOLDINGS SOC LIMITED - Media Statement

Release Date: 17/10/2013 12:52
Code(s): E168 E170 ES33 ES26 ES18 EL15 ES23 ES15 EL28 EL29 EL30 ES42     PDF:  
Wrap Text
Media Statement

ESKOM HOLDINGS SOC LTD

Media Statement


17 October 2013


Standard & Poor’s Affirms Eskom’s Credit Rating at BBB (outlook negative)



Wednesday, 16 October 2013: Credit rating agency Standard & Poor’s (S&P) has affirmed Eskom’s
credit rating at BBB, however downgraded Eskom’s Stand Alone Credit Profile by one notch to 'b-'
from 'b', due to the revised business risk profile from "fair” to "weak". This action was taken primarily
in light of increased regulatory and operating risk, and weakened profitability owing to an
unfavourable regulatory decision.

“Eskom’s credit rating remains investment grade, however we are disappointed by the Stand Alone
Credit Profile downgrade at this time as we continue to action our third multi-year price
determination (MYPD3) response plan. Eskom remains committed to an investment grade credit
rating with

government support as it is critical to access funding needed to invest in South Africa’s electricity

infrastructure,” said Eskom Chief Executive Brian Dames.



    17 October 2013
    For further enquiries please contact Francois Venter (011) 800 4050.

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