Home Credit Ratings and Research S&P Global Ratings’ Credit Research ESKOM Holdings SOC Ltd.

South African Power Utility ESKOM 'BBB-' Rating Affirmed On Government Support Plan; Outlook Negative

Published Nov 11, 2014

About This Report

Abstract:

On Oct. 22, 2014, the South African government announced a support plan for ESKOM that will include a cash injection and a tariff increase of 12.7% in 2015/2016. We believe that the plan will support ESKOM's liquidity and credit metrics in the near term, and demonstrates our assessment of the "extremely high" likelihood that the government would provide extraordinary support, if needed. We are affirming our 'BBB-' foreign and local currency corporate credit ratings, and our 'zaAA-/zaA-1' national scale ratings on ESKOM. The negative outlook reflects our opinion that the support plan entails execution risks and that additional actions may need to be taken until ESKOM's underlying operating performance stabilizes. LONDON (Standard&Poor's) Nov. 11, 2014--Standard&Poor's Ratings

Report Type:

Ratings Action

Ticker

1001Z@SJ

Issuer

ESKOM Holdings SOC Ltd.

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

South Africa

Region

Europe, Middle East, Africa

Format:

PDF

ESKOM Holdings SOC Ltd. – 2014/12/29 – US$ 500.00

Summary: ESKOM Holdings SOC Ltd. – 2014/12/29 – US$ 225.00

Research Update: South African Power Utility ESKOM 'BBB-' Ratings Affirmed Despite Strained Liquidity; Outlook Still Negative – 2015/01/29 – US$ 225.00

Research Update: South African Power Utility ESKOM Holdings SOC Downgraded To 'BB+' Following Management Suspensions; Outlook Negative – 2015/03/19 – US$ 225.00

Summary: ESKOM Holdings SOC Ltd. – 2015/11/26 – US$ 225.00

Research Update: South African Power Utility ESKOM 'BBB-' Rating Affirmed On Government Support Plan; Outlook Negative – 2014/11/11 – US$ 225.00

South African Power Utility ESKOM Remains On Watch Neg Until Details Of Government Support Proposals Are Clarified – 2014/10/03 – US$ 150.00

Research Update: South African Power Utility ESKOM Remains On Watch Neg Until Details Of Government Support Proposals Are Clarified – 2014/10/03 – US$ 225.00

South Africa's ESKOM Downgraded To 'BBB-' On Sovereign Action; On Watch Neg On Capital Structure And Funding Uncertainty – 2014/06/20 – US$ 150.00

Research Update: South Africa's ESKOM Downgraded To 'BBB-' On Sovereign Action; On Watch Neg On Capital Structure And Funding Uncertainty – 2014/06/20 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "South African Power Utility ESKOM 'BBB-' Rating Affirmed On Government Support Plan; Outlook Negative" Nov 11, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/South-African-Power-Utility-ESKOM-BBB-Rating-Affirmed-On-Government-Support-Plan-Outlook-Negative-1368627>

APA:	S&P Global Ratings’ Credit Research. (). South African Power Utility ESKOM 'BBB-' Rating Affirmed On Government Support Plan; Outlook Negative Nov 11, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/South-African-Power-Utility-ESKOM-BBB-Rating-Affirmed-On-Government-Support-Plan-Outlook-Negative-1368627>

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