This comes after SA’s sovereign rating was downgraded to junk status in March
Moody’s Investors Service has left MTN’s Ba1 rating unchanged, even as it downgraded SA’s sovereign rating last week,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 and Nigeria .
S&P Global Ratings recently said MTN is at risk of having its debt downgraded in the next 12 months if the mobile network operator increases its relative exposure to Nigeria.
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