Exposure to Nigeria could force S&P’s hand on MTN
The ratings agency has warned it could downgrade MTN overall given the risk profile of the West African country
09 March 2020 - 15:48
MTN is at risk of having its debt downgraded by ratings agency S&P Global Ratings over the next 12 months if the mobile network operator increases its relative exposure to Nigeria.
MTN’s share price fell 15.10% to close at R64.95, its lowest since 2006, in response to the sharp fall in global oil prices, largely affecting the prospects of its biggest market, Nigeria...
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