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Downgrade hangs over Eskom

South African state-owned utility Eskom has a possible downgrade hanging over its head after Fitch Ratings placed it on negative watch.

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Eskom is facing a ratings downgrade due to corporate governance and liquidity issues

The only factors that could save the utility from a downgrade of up to two notches are improvements over the next three-to-six months to its corporate governance and liquidity, as well as additional