MTN credit rating cut by Fitch on Nigeria, South Africa risks

MTN credit rating cut by Fitch on Nigeria, South Africa risks

MTN Group Ltd.’s credit  rating was cut one level by Fitch Ratings Ltd. because of the increased risk that Africa’s largest phone company faces in its two biggest markets, Nigeria and South Africa. The rating was cut to BBB-, Fitch Ratings said in a statement on Thursday. The outlook was raised to stable from negative….

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