Moody's downgrades MTN issuer rating to Baa3, outlook negative

Moody's Investors Service (Moody's) has today downgraded MTN Group Limited's (MTN or Group) global issuer rating to Baa3 from Baa2, the national scale issuer rating to A2.za from A1.za and the $750 million senior unsecured notes due 2024 issued by MTN (Mauritius) Investments Limited to Baa3 from Baa2. The outlook is negative.