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Media Statement
ESKOM HOLDINGS SOC LIMITED
MEDIA STATEMENT
21 JANUARY 2014
Fitch upgrades Eskom’s national ratings; outlook remains stable
Eskom welcomes the upgrade by Fitch Ratings, on 15 January 2014, of the utility’s National Long-
Term Ratings to 'AAA(zaf)' from 'AA+(zaf)', including the affirmation of the Stable outlook. Fitch
states that the “upgrades reflect a re-calibration of the higher end of the South African National
Rating scale”.
Fitch further cites that Eskom’s ratings continue to reflect the strong government support including
the direct government guarantees; in 2011 the South African government increased guarantees
awarded to Eskom from R176-billion to R350-billion of which R138-billion has been utilised.
Brian Dames, Eskom Chief Executive said “The positive rating action is very helpful at this critical
time as Eskom continues to execute the current build programme. A positive rating adjustment will
assist Eskom in accessing funding in capital markets and it will improve investor confidence’.
Francois Venter
011 800 4050
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