Moody’s pushes plan to fund Eskom bailout

Carol Paton

Credit ratings agency Moody’s Investors Service issued a brief comment on SA on Thursday, saying that it expected the government to either cut spending or raise taxes to fund the bailout of Eskom. SA depends on Moody’s to retain its investment grade rating as it is the only agency that still rates the country’s debt as investment grade. A decision by Moody’s is due on November 1.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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