Moody’s downgrades Telkom’s national scale rating
Telco suffers from SA risk, but ratings agency expects better performance over the coming 18 months
20 December 2023 - 15:00
Ratings agency Moody’s Investors Service expects Telkom’s performance to improve over the coming year-and-a-half, which would help to improve its credit metrics, but the ratings agency didn’t give the telecom operator the benefit of the doubt entirely.
In a note on Wednesday, Moody’s affirmed Telkom’s corporate family rating of Ba2 but downgraded its national scale rating (NSR) to Aa2.za from Aa1.za...
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