11.10.2016 16:51:00

MTN (Mauritius) Investments Limited -- Moody's assigns Baa3 to MTN's notes; outlook negative

Madrid, October 11, 2016 -- Moody's Investors Service ("Moody's"), today assigned a Baa3 rating to the $1 billion long-term guaranteed unsecured notes issued by MTN (Mauritius) Investments Limited. The notes are irrevocably and unconditionally guaranteed by its 100% parent company, MTN Group Limited ("MTN"), Mobile Telephone Networks Holdings Limited, MTN International (Mauritius) Limited and MTN International Proprietary Limited and Mobile Telephone Networks Proprietary Limited. The rating outlook is negative.

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