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South Africa's MTN has limited scope to jack up debt levels - Moody's
March 6, 2017 / 12:43 PM / 9 months ago

South Africa's MTN has limited scope to jack up debt levels - Moody's

JOHANNESBURG, March 6 (Reuters) - South African mobile phone operator MTN Group has limited room to increase its debt levels, rating agency Moody’s said on Monday, citing lack of dividend flow from Nigeria - its biggest market.

“Financial flexibility could be restored should MTN be able to begin repatriating dividends from its Nigerian operations, however there is uncertainty over timing,” Moody’s said. (Reporting by Tiisetso Motsoeneng; editing by Susan Thomas)

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