Posts tagged as S&P Global

Eskom gets another S&P downgrade following 2018 Budget

S&P Global Ratings has again downgraded the long-term debt of Eskom. The power utility’s debt has been rated ‘CCC+’, the seventh rung of non-investment grade, with a negative outlook. It was previously classed as ‘B-‘, the sixth rung of junk debt. In a media statement S&P said the cash-strapped power utility remains at risk of a default in […]