Chorus credit rating on notice for upgrade on copper decision, Moody's says

Thu, 17 Dec 2015

By Paul McBeth Dec. 17 (BusinessDesk) - Chorus's credit profile will get a closer look by global ratings agency Moody's Investors Service with a view to raising it after the market deemed it a winner from the Commerce Commission's final decision setting the network operator's regulated prices on its copper wires. Moody's placed the Wellington-based company's Baa3 rating on review for an upgrade on the "better than expected" outcome for the company over regulated prices. The commission ultimately decided to let Chorus raise its prices for...

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