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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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