Moody’s lifts Eskom outlook to positive for first time in 15 years

[grok]

The utility cannot pay its debt. The utility cannot provide sufficient electricity. Country in a permanent stage of loadshedding. Economy collapsing as a result. Moody's rate it positive.... okay.,...

Moody's don't care about electricity generation, collapse or utter morons bringing the rest of the country down with their corruption. They rate the lendability of a company, and since guavamint shifted a boatload of debt onto the poor taxpayer it makes the outlook for Eskom grabbing more money from the markets a whole lot better.

That's also why de Renovator was so cleva to pay off debt instead of doing more maintenance, leaving us even deeper up record loadshedding arse-alley, if there's one thing the ANC is really good at it's gobbling up and making other people's money disappear.

A better life for all makes for a good slogan, but you should know by now when African leadahs talk about ALL they really mean just ALL their family & friends.

 

[ShaunSA]

You ain't seen nothing, prepare to be dazzled.

I've been preparing. For years now. Do you have a firm date on when the big event going to happen?

 

[Tman*]

wait, what?!

The world is NOT going to end tomorrow?

 

[Herr der Verboten]

The utility cannot pay its debt. The utility cannot provide sufficient electricity. Country in a permanent stage of loadshedding. Economy collapsing as a result. Moody's rate it positive.... okay.,...

Moody thing is bs anyways.

 

[rvZA]

Moody thing is bs anyways.

I know. Many US companies not using them at all. Most seem to focus on the two world leaders, S&P and Fitch.

 

[Pegasus]

I know. Many US companies not using them at all. Most seem to focus on the two world leaders, S&P and Fitch.

Yes, so as we have established. You are clueless as to how ratings work.

Loading…

www.fitchratings.com

 

[The Trutherizer]

Well it's still a fair ways below investment grade, but who knows?
If the Eskom Gordian knot can be untangled then SA would be a different country in one way. However if SA politics remain corrupt then it will remain the same in another very important way.

 

[surface]

I've been preparing. For years now. Do you have a firm date on when the big event going to happen?

It is imminent. Buddha said patience is a good virtue.

 

[Ponderer]

It is imminent. Buddha said patience is a good virtue.

You spelled virgin wrong.

 

[ShaunSA]

It is imminent. Buddha said patience is a good virtue.

Yeah I'm not a big fan of imaginary friends

 

[noxibox]

"In all fairness, when South Africa's collapse started and reached its high point" By which international organization's definition? Because that sounds awfully like a personal one.

Let's say it started in 1948.

That's also why de Renovator was so cleva to pay off debt instead of doing more maintenance, leaving us even deeper up record loadshedding arse-alley, if there's one thing the ANC is really good at it's gobbling up and making other people's money disappear.

A better life for all makes for a good slogan, but you should know by now when African leadahs talk about ALL they really mean just ALL their family & friends.

Very capitalist of them.

 

[GhostSixFour]

wait, what?!

The world is NOT going to end tomorrow?

It's always ends tomorrow, until it ends today.

 

[rvZA]

So, science says the sun will burn out in about 5bn years time. This means Eskom will have to fix their power stations in the dark....

 

[Düber]

This means Eskom will have to fix finish their power stations in the dark....

FTFY

 

[Spizz]

Yeah I'm not a big fan of imaginary friends

Neither are Buddhists.