Moody’s calls for details of credible Eskom rescue plan
The ratings agency also warns of trends indicative of the deterioration of public finances
SA’s investment rating remains in the balance following a statement from ratings agency Moody’s on Thursday in which it called for more detail on Eskom and warned of trends indicative of the deterioration of public finances.
Moody’s did, however, leave the door open for SA to escape a negative rating decision on March 29, by intimating that the public release of a credible and detailed plan on Eskom could cast a different light on SA’s fiscal position.
If you are already a subscriber, please click on the following link to go to the full article: Moody’s wants details of Eskom rescue plan