AXIAN Telecom’s Strong Performance and Liquidity Drive Credit Rating Affirmations by S&P and Fitch
The rating affirmation follows S&P’s decision to affirm the sovereign ratings of Madagascar and reflects easing near-term risks and stabilising macroeconomic conditions in key markets.
AXIAN Telecom Holding and Management Plc , the parent company of a leading pan-African telecom group (Yas), is pleased to announce that S&P Global Ratings has affirmed its long-term issuer credit rating and senior unsecured debt rating at B+ and revised the outlook from negative to stable.
The rating affirmation follows S&P’s decision to affirm the sovereign ratings of Madagascar and reflects easing near-term risks and stabilising macroeconomic conditions in key markets. Madagascar and Tanzania each contribute approximately 35% of the Group’s EBITDA.
S&P highlighted AXIAN Telecom’s continued ability to pass its stress tests, previously noting that this is supported by the growth prospects in our countries of operations, diversified earnings, adequate liquidity, and improving cash generation.
Last week, Fitch Ratings has also affirmed AXIAN Telecom Holding and Management Plc long term issuer rating at B+, with stable outlook.
“These affirmations reflect the strength and resilience of our business model. We remain focused on disciplined execution, strengthening our balance sheet, and delivering sustainable growth across our markets.”
– Hassan Jaber, CEO, AXIAN Telecom
