S&P acts on MTN, Transnet

S&P said it acted on two South African issuers and removed their national ratings from under criteria observation. The agency published its updated national and regional scale mapping specifications and assigned credit ratings mapped from global to national scale on June 8.

The agency raised MTN Group Ltd.’s ratings to zaAA+ from zaAA and lowered Transnet SOC Ltd.’s ratings to zaAA- from zaAA.

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