Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MTN Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Dubai, November 26, 2020 -- Moody's Investors Service ("Moody's") has today taken rating actions on 12 South African corporates. The rating actions follow Moody's decision on 20 November to downgrade South Africa's government issuer rating to Ba2 from Ba1 while maintaining a negative outlook. Details of the South Africa sovereign rating action can be found here: Moody's downgrades South Africa's ratings to Ba2, maintains negative outlook; https://www.moodys.com/research/--PR_436182.
Moody's Investors Service ("Moody's") has today affirmed the B2 corporate family rating (CFR) and B2-PD probability of default rating on Helios Towers plc (HT) and affirmed the B2 rating assigned to the $750 million senior unsecured guaranteed notes due 2025 issued by HTA Group, Ltd. (HTA). The rating on the proposed $200 million tap issuance, if issued, will have the same rating as the B2 rating assigned to the $750 million senior unsecured guaranteed notes due 2025 as Moody's considers it as an upsize of the existing bond.