Govt aid, tariffs may not be enough for debt-laden Eskom - Moody's
2 April 2019
Ratings agency Moody's on Tuesday said that government's financial support to embattled power utility Eskom and the announcement of recent electricity tariffs by the National Energy Regulator of SA may prove "insufficient to address the company's long-standing financial troubles".
It also said that it expected SA's credit profile to remain in line with Baa3-rated sovereigns.
The ratings agency published a credit opinion for South Africa on Tuesday, four days after the agency again skipped issuing a much-anticipated assessment of South Africa's sovereign credit rating.
A credit opinion is not the same as a rating review and SA's credit profile has not been altered.