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View Full Version : South Africa's Eskom Seeks 34% Power-Price Increase - Bloomberg



NewsWhore
05-15-2009, 05:15 AM
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South Africa&#39;s Eskom Seeks 34% Power-Price Increase (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaBzy2exnItRw%26refer%3Dafrica&cid=1351776589&ei=ADUNSpegHdKgmAeYndyCBw&usg=AFQjCNH0Ci2H43QNBOWRiHU5c8P-YL9NBg)
Bloomberg
Moody&#39;s Investors Service cut Eskom&#39;s foreign currency credit rating by three levels to Baa2 in 2008 because of the lower-than-expected tariff increase and the “aggressive” ratio of debt to equity on its balance sheet. While the world economic slump ...


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