Moody's says split plan does little to solve South Africa's Eskom financial woes
JOHANNESBURG, Feb 11 (Reuters) - The South African
government's plan to split struggling state power company Eskom
into three entities does little to address the company's
financial difficulties, credit ratings agency Moody's said in a
"The move paves the way for a more transparent group with
more clearly allocated revenue and cost between business
segments," Moody's said, adding that Eskom remained a
significant risk to the country's fiscal strength.
"However, in and of itself it does little to address Eskom's
financial challenges," Moody's said.
(Reporting by Alexander Winning, editing by Louise Heavens)
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