Ratings agency S&P Global has warned that it could remove its positive outlook on SA’s sovereign rating if the planned debt relief for Eskom weakens government’s debt trajectory without addressing the failings in the power utility’s operations and finances.
In a ratings update on Friday night, S&P affirmed its rating and made it clear that if SA could keep improving its economic growth and its public finances, the positive outlook might lead to an upgrade of the rating itself...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: