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Published on 10/27/2014 in the Prospect News Emerging Markets Daily.

S&P assigns BBB to MTN Group bonds

Standard & Poor’s said it 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 MTN Group Ltd. and Mobile Telephone Networks Holdings (Pty) Ltd.

At the same time, S&P assigned a BBB issue ratings to MTN’s existing senior unsecured debt and associated guaranteed obligations.

MTN will guarantee the proposed bonds.


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