Chorus credit rating outlook upgraded to 'stable'

Wed, 17 Dec 2014

By Paul McBeth Dec. 17 (BusinessDesk) - Chorus, the telecommunications network operator, has been given some breathing room from Moody's Investors Service, which has upgraded the outlook on the company's credit rating due to the regulator's draft ruling on wholesale copper line pricing. The Wellington-based company's Baa3 rating was affirmed and the outlook lifted to 'stable' from 'negative' due to the Commerce Commission's draft decision on what Chorus can charge on its unbundled copper local loop and unbundled bitstream access services....

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