Africa      Breaking News      Business      International      News Headlines      Opinion      Politics      Sport     

South Africa Economy: Ratings agency Moody’s downgrades state-owned utility Eskom

June 14, 2017 6:44 pm

In South Africa, ratings agency Moody’s Investors Service has downgraded state-owned power utility Eskom from Ba2 to Ba1. This follows the lowering of the country’s credit rating last week. Moody’s says the outlook for the power company is negative. Given Eskom’s strong links with the South African government and its sensitivity to changes in the sovereign credit profile, the downgrade primarily reflects the one-notch drop in South Africa’s sovereign rating to Baa3 negative.

Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY

Follow us on:

Facebook: https://www.facebook.com/cgtnafrica/
Twitter: https://twitter.com/cgtnafrica

Tags: , , , , , ,

Categorised in:

July 24, 2017 4:49 am

Two Jordanians killed and Israeli man injured in shooting at Israeli embassy compound in Amman, Breaking News | Jordan – Amman, Jordan

Two Jordanians killed and Israeli man injured in shooting at Israeli embassy compound in Amman, Israel, security Two Jordanian men have been shot dead and an Israeli man wounded near the Israeli embassy in Amman. Jordan’s public security directorate said Jordanians had entered a residential building in the embassy’s heavily fortified compound to carry out… View Article  READ MORE...