| SENS Note - 14 June 2017 |
| MTN - Credit Ratings downgrade |
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Noteholders are hereby advised of the amendment to MTN’s credit rating effective on 13 June 2017. Moody’s Investors Service (“Moody’s” or “the agency”) has downgraded MTN Group Ltd.'s senior unsecured notes issued by MTN (Mauritius) Investments Ltd. to Ba1 from Baa3, and has assigned MTN Group Ltd. a Ba1 corporate family rating (CFR) and a Ba1-PD probability of default rating (PDR) and has withdrawn MTN Group Ltd.’s long-term Baa3 issuer rating. A stable outlook was assigned. This rating action follows the weakening of the South African government’s credit profile, as captured by Moody’s lowering of the South African sovereign rating to Baa3 from Baa2 on 9 June 2017. |
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