https://newsletter.en.creamermedia.com
Africa|Business|Financial|Service
Africa|Business|Financial|Service
africa|business|financial|service

Moody's affirms Telkom's corporate family rating, but downgrades its national scale rating

Telkom's logo on a building

Photo by Bloomberg

20th December 2023

By: Creamer Media Reporter

     

Font size: - +

Ratings agency Moody's Investors Service has affirmed telecommunications group Telkom's corporate family rating of Ba2 and downgraded its national scale rating (NSR) to Aa2.za from Aa1.za. The outlook on all ratings remains stable.

The NSR downgrade is reflective of Telkom's weakly positioned Ba2 rating in comparison to similar rated South African companies.

Moody's also affirmed Telkom's baseline credit assessment at Ba2, which is supported by its leading market position in South Africa's fixed-line business and operator of the largest fibre network, and adequate financial policies.

The ratings action reflects the agency's expectation that Telkom's credit metrics will recover over the next 12 to 18 months to levels that Moody's deems adequate for its Ba2 rating.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.179 0.282s - 258pq - 2rq
Subscribe Now