Reuters logo
Fitch cuts S.Africa's Naspers' debt to "junk" status
August 13, 2014 / 8:18 AM / 3 years ago

Fitch cuts S.Africa's Naspers' debt to "junk" status

JOHANNESBURG, Aug 13 (Reuters) - Credit rating agency Fitch on Wednesday cut its rating on South Africa’s Naspers’ senior unsecured debt to non investment grade or “junk status”, citing a deterioration in its profitability due to hefty investment in development.

Fitch cut its rating to BB+ from BBB-, it said in a statement. (Reporting by David Dolan; Editing by Ed Cropley)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below