Fitch affirms Telecom Namibia

Fitch Ratings said it affirmed Telecom Namibia Ltd.'s long-term local-currency issuer default rating at BBB- and national long-term rating at A(zaf).

The outlook is positive.

The ratings are supported by the strong strategic and operational ties with its sole shareholder, the Namibian government, Fitch said.

The agency said it expects a continuation of government support.

The company benefits from a monopoly position in fixed-line telephony, Fitch added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.