Moody's puts Eskom on review for ratings downgrade

Moody's ratings agency has put Eskom on review for a downgrade due to funding risks and concerns regarding investor relations with state-owned enterprises.

In a statement released on Wednesday, it cited adverse regulatory framework, funding challenges and an evolving political environment affecting the national power utility.

Click here to read the full statement.

Earlier this month, Futuregrowth Asset Management suspended loans towards six SOEs citing concerns about political uncertainty and threats to the independence of Treasury.

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