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Moody's Ratings Review
ESKOM HOLDINGS SOC LTD
JSE CODE: BIESKM
MEDIA STATEMENT
15 September 2016
Eskom will engage Moody’s on ratings review decision
Wednesday, 14 September 2016: Eskom Holdings SOC Ltd. notes the concerns raised by Moody’s
Investor Services in its ratings update to place the company’s Ba1 senior unsecured and (P)Ba1
senior unsecured medium-term note (MTN) ratings on credit review.
“The review by Moody’s is unfortunate given the progress made towards improving the company’s
financial profile, successful implementation of the operations turnaround plan and Eskom’s healthy
liquidity position. We will however continue to engage with the rating agency to resolve the
concerns that resulted in this decision. We remain confident that continued engagements with all
relevant stakeholders and government will contribute towards a positive outcome for Eskom and
the country”, said Anoj Singh, Chief Financial Officer at Eskom.
Eskom remains committed to delivering the much needed capacity whilst maintaining the financial
sustainability of the company.
Eskom Holdings SOC Ltd enquiries
Francois Venter
011800 4050
Email: francois.venter@eskom.co.za
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