BIESKM - Fitch Ratings upgrades Eskom’s credit ratings
Eskom Holdings SOC Limited
(Registration No. 2002/015527/06)
JSE alpha code: BIESKM
("Eskom" or the "Group")
Fitch Ratings upgrades Eskom's credit ratings
In accordance with paragraph 6.28 of the JSE Debt and Specialist Securities Listings
Requirements, noteholders are advised that Fitch Ratings has upgraded Eskom's credit ratings as
follows:
• Long-Term Issuer Default Ratings: upgraded to B+ from B; Outlook Stable;
• Senior unsecured debt: upgraded to B+ from B; Recovery Rating of RR4 unchanged; and
• Guaranteed senior unsecured debt: upgraded to BB from BB-.
The rating action follows the recent upgrade of the Republic of South Africa's sovereign credit rating
and reflects Eskom's strong linkage to the sovereign under Fitch's Government-Related Entities
rating methodology.
Noteholders may access Fitch Ratings' full rating commentary, including the key rating drivers, at
https://www.fitchratings.com/research/corporate-finance/fitch-upgrades-eskom-to-b-following-
sovereign-upgrade-12-06-2026
Johannesburg
12 June 2026
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 12-06-2026 02:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
