3min chapter

Moody's Talks - Emerging Markets Decoded cover image

South Africa power cuts dim economic outlook

Moody's Talks - Emerging Markets Decoded

CHAPTER

The Debt Relief Plan for Eskom

The debt relief is only one element but the bigger plan. The medium-term viability of the company's business will depend on its ability to improve operational performance and corporate governments. Moody's already transferred all the guarantees issued for state-owned enterprises by the government on its balance sheet in 2019. So the liability crystallizes today from escalmas to the government is already embedded in our BA2 rating.

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