S&P rates Helios Towers plc B

S&P said it assigned a B rating to Helios Towers plc and withdrew the B rating on its subsidiary Helios Towers Africa Ltd. The agency also affirmed its B issuer credit rating on HTA Group Ltd. and its B issue rating on the $600 million of notes due 2022.

“We anticipate the company will pursue acquisition opportunities in other African markets in the coming three years, and we forecast it will maintain adjusted debt to EBITDA of 3.5x-4.5x on average,” said S&P in a press release.

The outlook is stable.

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