Articles tagged with: Fitch Ratings and Mtn

Fitch Ratings Affirms MTN's Debt Ratings as Stable Outlook

Fitch Ratings has today affirmed South Africa based MTN Group's National Long-term ratings at 'AA-(zaf)' with Stable Outlook. The affirmation reflects strong subscriber growth in MTN's markets that have relatively low mobile penetration. This has driven MTN's strong operating cash flow generation and underpinned its profitability, which in turn contributed to an improved net leverage (adjusted net debt/EBITDAR) of 0.4x in FY08 (FY07:0.6x).  more

Related Tags: presence, South Africa

Fitch Comments on Potential Transaction Between Bharti and MTN

Fitch Ratings has commented that it will closely monitor developments following the disclosure by India's Bharti Airtel and South Africa's MTN Group that they are engaged in exclusive discussions to potentially acquire stakes in each other, with a view to eventually achieving a full merger.  more

Related Tags: bharti-airtel, singtel, fitch, debt-ratings, South Africa