ESKOM HOLDINGS SOC LIMITED - ESKOM Holdings SOC Limited-Credit Rating Change

ESKOM Holdings SOC Limited-Credit Rating Change

Eskom Holdings SOC Limited
(Registration No. 2002/015527/30)
JSE alpha code: BIESKM
("Eskom")


CREDIT RATING OUTLOOK REVISED TO POSITIVE FROM STABLE BY S&P
GLOBAL RATINGS AGENCY


Noteholders are hereby advised that on 22 November 2024 S&P Global Ratings Agency
("S&P") revised their outlook on Eskom to positive from stable. S&P also affirmed Eskom's
'B' issue rating on the group's senior unsecured debt and the 'BB-' foreign currency issue
ratings on the government guaranteed debt. In addition, S&P have revised their long-term
South Africa national scale issuer credit rating for Eskom upwards to 'zaBBB+' from 'zaBBB'
to reflect the improvements in the sovereign credit profile, and affirmed their short-term
national scale rating of 'zaA-2'.


For more details around the ratings rationale, noteholders may view the report through the
following website: www.spglobal.com


Johannesburg
25 November 2024




Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 25-11-2024 04:55:00
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