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S&P’s downgrades Cell C’s rating again

By:  
Creamer Media Online Writer
 
TELECOMMUNICATIONS
Ratings agency Standard & Poors’ Global Ratings (S&P’s) has downgraded telecoms operator Cell C’s debt rating to ‘CC’ and its partial debt restructuring to ‘SD’. This followed after Cell C amended the terms of its R1.4-billion private airtime facility agreement to delay the timing of selected repayments.
 
 
 
 
 

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