Credit rating agency Fitch has upgraded its long-term ratings on South African Telcom major MTN Group, which is in exclusive talks with Anil Ambani Group firm Reliance Communications for a possible alliance.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Fitch Ratings has upgraded the national long-term rating on MTN Group to a higher level in the investment grade to 'AA -' from&nbsp; a 'A+' rating which referred to the grade wherein the economic situation could affect the finances.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The ratings have been upgraded along with a stable outlook, MTN said in a regulatory filing.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>However, the announcement of any proposed transaction would likely result in a review of MTN's rating, it added.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>MTN shares were trading&nbsp; up 0.08 per cent at 120.10 rand in the morning trade on the Johannesburg Stock Exchange. </P></p><p class='TableClas'></p></table>


Fitch upgrades MTN Group's credit ratings

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