Moody’s leaves MTN’s rating unchanged
This comes after SA’s sovereign rating was downgraded to junk status in March
06 April 2020 - 11:50
Moody’s Investors Service has left MTN’s Ba1 rating unchanged, even as it downgraded SA’s sovereign rating last week, MTN said on Monday.
The telecom operator said Moody’s also left the negative outlook unchanged to reflect the exposure to weakening sovereign credit quality in some of MTN’s key markets such as SA (Ba1 negative) and Nigeria (B2 negative)...
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