S&P pushes MTN up to investment grade as debt shrinks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Mobile telecommunications operator’s stand-alone credit profile upgraded

Ratings agency S&P has upgraded MTN’s credit rating to investment grade as Africa’s largest mobile operator continues its effort to bring down its borrowings.

As part of the mission to cut debt and also streamline its business, the company set out to raise R25bn from the sale of noncore assets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done

South Africa South Africa Latest News, South Africa South Africa Headlines