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Eskom notes credit rating downgrades

Eskom on Wednesday noted Moody’s Investor Service and Standard & Poor’s (S&P) decision to cut the utility’s credit rating. S&P lowered Eskom’s long-term foreign and local currency corporate credit rating to ‘B-’ from ‘B+’, with a negative outlook. S&P has simultaneously revised Eskom stand-alone credit profile (SACP) to ‘ccc-‘ from …

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