MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Business / Fitch Affirms Eskom’s Credit Ratings

Fitch Affirms Eskom’s Credit Ratings

Thursday, 21 May 2026:  Fitch has affirmed Eskom Holdings SOC Ltd.’s Long-Term Local-Currency Issuer Default Rating at ‘B’ with a Stable Outlook. Fitch has also affirmed Eskom’s senior unsecured debt at ‘B’ with a Recovery Rating of ‘RR4’, and its senior unsecured guaranteed debt at ‘BB-’.  Fitch has also maintained Eskom’s Standalone Credit Profile at…

Fitch has affirmed Eskom Holdings SOC Ltd.’s Long-Term Local-Currency Issuer Default Rating at ‘B’ with a Stable Outlook. Fitch has also affirmed Eskom’s senior unsecured debt at ‘B’ with a Recovery Rating of ‘RR4’, and its senior unsecured guaranteed debt at ‘BB-’.  Fitch has also maintained Eskom’s Standalone Credit Profile at ‘ccc+’.

The affirmation reflects the strong links between Eskom and South Africa’s ‘BB-‘ Outlook Stable, under Fitch’s latest Government-Related Entities rating criteria.

In its detailed update report, Fitch noted Eskom’s operations are improving and the delivery of its business plan may lead to funding on an unguaranteed basis over the medium term.

“We remain singularly focused on delivering the turnaround plan that is central to continuing to restore Eskom’s operational and financial stability. Reaching the milestone of one year without loadshedding on Saturday, 16 May advances this stability, as well as the South African and Sub-Saharan Africa economy, competition and the integration of renewable energy,” said Eskom Group Chief Executive, Dan Marokane.

The detailed report can be downloaded on Fitch’s website.

Courtesy of Eskom

About Eskom and Electricity – Job Creation: Plays a significant role in job creation within the energy sector.

Category: Tag: , ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Fun South African fact

    Dear Editor Fun South African fact: towns like Franschhoek and Stellenbosch are home to world-class wine farms set in stunning, scenic surroundings. Regards Aressa Smith In Response to/From: Luxury Properties Seized in New Lottery Crackdown

  • Condolences on the Passing of Lusanda Dumke

    Statement by Leander Kruger MPL – DA Buffalo City Constituency Leader: The Democratic Alliance in Buffalo City Metropolitan Municipality mourns the passing of Springbok Women’s rugby player and Mdantsane trailblazer, Lusanda Dumke, who lost her battle with cancer at the age of 28. South Africa has lost an exceptional athlete, a leader, and a source…

  • Rape Kits Delivered, But…

    Statement by Nicholas Gotsell MP – DA NCOP Member on Security & Justice: The DA can confirm that 2 840 rape kits arrived in Cape Town on Monday, following sustained DA oversight and pressure after multiple police stations across the Western Cape were found to be without this critical forensic evidence tool. While this delivery…

Reader Interactions

Comments

  1. Patrice Motsepe – Founder of ARM (African Rainbow Minerals): After a successful career as a lawyer at Bowman Gilfillan, in 1997, Motsepe launched a business of his own called ARM (African Rainbow Minerals). He turned it into one of the largest mining and mineral groups in the world. Since then, he has diversified into several other key sectors, including financial services. In 2008, Motsepe became a billionaire and the first black African on the Forbes list. In 2016, he invested in a USD1 billion fund as part of the Breakthrough Energy Coalition, launched by Bill Gates. He also launched a new private equity firm, African Rainbow Capital, which is focused on investing in Africa. In 2017, he was ranked as South Africa\’s fifth richest person, with a fortune exceeding R1.3 billion.