South Africa’s junk credit ratings unchanged

Questions about pending debt relief for power company Eskom will only be answered in February.

CAPE TOWN: Major credit-ratings companies will probably only consider taking decisive action on South Africa’s junk assessment after the governing party elects a new leader and more detailed plans to tackle the state-owned power utility’s unsustainable debt burden are announced.

South Africa’s credit ratings are at their lowest levels since they were first assigned almost three decades ago.