South African Telecom Operator MTN Group's Proposed Bonds Assigned 'BBB' Ratings - S&P Global Ratings’ Credit Research

South African Telecom Operator MTN Group's Proposed Bonds Assigned 'BBB' Ratings

South African Telecom Operator MTN Group's Proposed Bonds Assigned 'BBB' Ratings - S&P Global Ratings’ Credit Research
South African Telecom Operator MTN Group's Proposed Bonds Assigned 'BBB' Ratings
Published Oct 27, 2014
Published Oct 27, 2014
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Abstract:

OVERVIEW South Africa-based telecommunications group MTN intends to issue up to $750 million of bonds via its wholly owned indirect subsidiary MTN (Mauritius) Investments Ltd. We expect this debt will be guaranteed, pari passu with MTN's existing debt, by all of MTN's corporate guarantor entities. We are assigning our 'BBB' issue ratings to the proposed bonds, to MTN's existing senior unsecured debt, and to the associated guaranteed obligations. PARIS (Standard&Poor's) Oct. 27, 2014--Standard&Poor's Ratings Services said today that it had assigned its 'BBB' issue ratings to proposed bonds of up to $750 million to be issued by MTN (Mauritius) Investments Ltd., a wholly owned indirect subsidiary of South African telecommunications operators MTN Group Ltd. and Mobile

  
Report Type:

Ratings Action

Issuer
GICS
Wireless Telecommunication Services (50102010)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "South African Telecom Operator MTN Group's Proposed Bonds Assigned 'BBB' Ratings" Oct 27, 2014. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/South-African-Telecom-Operator-MTN-Group-s-Proposed-Bonds-Assigned-BBB-Ratings-1365979>
  
APA:
S&P Global Ratings’ Credit Research. (). South African Telecom Operator MTN Group's Proposed Bonds Assigned 'BBB' Ratings Oct 27, 2014. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/South-African-Telecom-Operator-MTN-Group-s-Proposed-Bonds-Assigned-BBB-Ratings-1365979>
  
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