(Source: Fitch Inc) 29 Oct 2015 3:27 PM GMT/UTC Fitch Ratings-London-29 October 2015: Fitch Ratings has revised the Outlook on MTN Group Limited's (MTN) Long-term foreign currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at 'BBB'. A full list of rating actions is at the end of this commentary. The Negative Outlook reflects the risk of a significant cash outflow due to a substantial fine imposed on MTN's Nigerian operations, which could increase leverage and pressure MTN's credit metrics. These developments in Nigeria highlight the risk MTN is exposed to in operating in a variety of emerging market countries. KEY RATING DRIVERS Nigerian Fine MTN has announced...
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