The ratings agency Moody's has further downgraded Britain's credit rating, saying the complexity of the Brexit negotiations is likely to hamper London's abilities to enact policy.
Moody's, a credit-rating agency, said that because the embattled utility is ever more dependent on bail-outs it would regard Eskom's debt as part of the government's.
But after a brief spike to 13.7% in 2009, the default rate on global high-yield bonds dropped steadily and was just 2.8% in September, according to Moody's, another ratings agency.
This has effects not only in the work place but in the world finance. The bond rating agency Moody's says the aging population will lead to a drop in household savings.
The credit rating agency says the downgrade of the U. S. reflects an expectation of fiscal deterioration over the next three years and high and growing general government debt burden.
The economic weakness combined with the threat of more sanctions was enough to prompt the Standard and Poor's ratings agency to revise its outlook from stable to negative.
The international credit rating agency says the downgrade reflects the impact of the continuation of the war in Gaza, heightened geopolitical risks and military operations on multiple fronts.
The credit rating's agency Moody's has down graded the credit score of the car company Volkswagen following the emissions scandal, Andrew walker reports.