South Africa: Downgrades bring Eskom one step closer to the end of the line


In depth
Issue 359 - 07 Dec 2017 | 7 minute read

Dogged by allegations of corruption, a cripplingly expensive build programme, falling demand, and competition from off-grid alternatives, South Africa’s beleaguered utility Eskom suffered a further blow late last month as its credit rating was downgraded by ratings agencies Moody’s Investor Services and Standard and Poor’s (S&P), while Fitch put several ratings on negative watch. The moves followed an earlier decision by S&P to downgrade the sovereign rating and by Moody’s to place the sovereign on review for downgrade.

Want to read more?

Access via a report

View report options

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register