Electricity parastatal Eskom says it will engage Moody’s Investor Services on its decision to place the company’s Ba1 senior unsecured and (P)Ba1 senior unsecured medium-term note (MTN) ratings on credit review.

“The review by Moody’s is unfortunate given the progress made towards improving the company’s financial profile‚ successful implementation of the operations turnaround plan and Eskom’s healthy liquidity position. We will however continue to engage with the rating agency to resolve the concerns that resulted in this decision‚” Eskom’s chief financial officer‚ Anoj Singh‚ said on Wednesday evening.

“We remain confident that continued engagements with all relevant stakeholders and government will contribute towards a positive outcome for Eskom and the country”‚ Singh added.

He said Eskom remained committed to delivering the much needed capacity while maintaining the financial sustainability of the company.