Cell C downgraded to "default" by S&P Global
S&P Global released a report today downgrading Cell C to D (Default), while its rating of Cell C’s senior secured bonds are now rated at Default (D).
In response to the downgrade Cell C said the suspension of interest payments in July is part of the wider Cell C initiatives to improve liquidity and to restructure the company’s balance sheet.
S&P Global released a report today downgrading Cell C to D (Default), while its rating of Cell C’s senior secured bonds are now rated at Default (D).
In response to the downgrade Cell C said the suspension of interest payments in July is part of the wider Cell C initiatives to improve liquidity and to restructure the company’s balance sheet.
