rhn-bootstrap returns SSL errors on Red Hat Network Satellite 5.3

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Issue

rhn-bootstrap returns SSL errors on Red Hat Network Satellite 5.3
up2date_client.up2dateErrors.SSLCertificateVerifyFailedError: The SSL certificate failed verification.
error: skipping http://satellite.fqdn.com/pub/rhn-org-trusted-ssl-cert-1.0-1.noarch.rpm - transfer failed - Unknown or unexpected error
warning: u 0x8700740 ctrl 0x8701540 nrefs != 0 (satellite.fqdn.com http)

Environment

Red Hat Network Satellite 5.3

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