Fitch rates Telecom Namibia

Fitch Ratings said it assigned Telecom Namibia Ltd. an international long-term local-currency issuer default rating of BBB- and a national long-term rating of A(zaf).

The outlook is stable.

The ratings reflect Telecom Namibia's position as Namibia's natural monopoly and incumbent provider of fixed-line and data telecommunications services, Fitch said.

The ratings also factor in the company's strong operational and strategic ties with the Namibian government and the assumed government support for the company, the agency said.

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