ESKOM HOLDINGS SOC LIMITED - Media Statement

Media Statement

ESKOM HOLDINGS SOC LIMITED

MEDIA STATEMENT

21 JANUARY 2014



Fitch upgrades Eskom’s national ratings; outlook remains stable



 Eskom welcomes the upgrade by Fitch Ratings, on 15 January 2014, of the utility’s National Long-
Term Ratings to 'AAA(zaf)' from 'AA+(zaf)', including the affirmation of the Stable outlook. Fitch
states that the “upgrades reflect a re-calibration of the higher end of the South African National
Rating scale”.



Fitch further cites that Eskom’s ratings continue to reflect the strong government support including
the direct government guarantees; in 2011 the South African government increased guarantees
awarded to Eskom from R176-billion to R350-billion of which R138-billion has been utilised.



Brian Dames, Eskom Chief Executive said “The positive rating action is very helpful at this critical
time as Eskom continues to execute the current build programme. A positive rating adjustment will
assist Eskom in accessing funding in capital markets and it will improve investor confidence’.



Francois Venter

011 800 4050

Date: 21/01/2014 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.