Power utility, Eskom says it remains confident and positive despite its recent downgrade. The power utility says it is confident that it can execute its funding model despite the challenging economic environment. Ratings agency, Moody's downgraded Eskom earlier today citing the power utility's financial and liquidity woes and poor governance. Moody's downgraded Eskom's long term corporate family rating to Ba3 from Ba2. It further placed the power utility on review for further downgrade.