Eskom remains major risk to South African finances - Moody's

Bradley Prior

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Eskom remains major risk to South African finances - Moody's

South Africa’s debt-laden, state-owned power utility continues to represent a significant risk to the country’s finances and President Cyril Ramaphosa’s plan to split the company into three does little to address the producer’s problems, Moody’s Investors Service said.

Providing Eskom Holdings SOC Ltd. financial support before taking measures to generate savings at the utility would be credit-negative for the country, Moody’s said in an emailed report Monday. [Bloomberg]
 
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