Tuesday, 4 October 2016

MTN’s Long-Term Credit Rating Lowered to Junk Status

MTN Group has had its long-term credit rating cut to junk status by S&P Global Ratings, the cellphone network announced on Monday. The credit ratings agency cut MTN’s rating from BBB-— the lowest investment grade rating — to BB+ following its cut of the sovereign credit rating of MTN’s largest market, Nigeria, to B from […]

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