S&P downgrades MTN credit rating to junk
S&P Global has lowered MTN Group’s [JSE:MTN] credit rating amid Nigeria’s recent downgrade, sparking more challenges for the mobile network in the West African country. Last month, S&P lowered its long-term ratings on Nigeria to ‘B’ from ‘B+’ amid weak growth dynamics in that country. S&P, though, said that the outlook for the Nigerian economy is stable. But the downgrade further represents increased risk for the MTN Group as Nigeria is […]
