Fitch upgrades Eskom to B+, in line with South Africa's credit rating

Polity Audio Articles · Jun 15, 2026 · 1m

Fitch upgrades Eskom to B+, in line with South Africa's credit rating Credit rating agency Fitch Ratings has upgraded State-owned Eskom's credit rating to B+ with a stable outlook, up from a B rating, in line with the recent improvement in South Africa's sovereign credit rating. Specifically, Fitch upgraded Eskom's long-term Issuer default ratings to B+ with a stable outlook; its senior unsecured debt to B+ with its recovery rating of RR4 unchanged; and Eskom's guaranteed senior unsecured debt to BB from BB-. Eskom continues to stabilise its operations and strengthen financial management…