Moody’s Maintains BPC Rating Despite Gov't Downgrade
National power utility, Botswana Power Corporation (BPC), has maintained its investment-grade status after Moody’s Ratings affirmed its Baa3 credit rating.
BPC's credit rating withstood the sovereign downgrade on Botswana’s sovereign rating, which was dropped due to the country’s weakening fiscal position.
Outlook Remains Negative
The outlook for BPC remains negative, with concerns over technical inefficiencies constraining power production at Morupule B, a 600MW plant that has suffered frequent breakdowns since 2012.
- Design flaws and weaknesses have contributed to the breakdowns.
A journalist being physically attacked and receiving death threats in a courtroom demands an immediate response from authorities.
Author's summary: Moody's affirms BPC's Baa3 credit rating despite sovereign downgrade.
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