Chorus credit rating upgraded on copper decision, capital management, Moody's says

Mon, 22 Feb 2016

By Paul McBeth Feb. 22 (BusinessDesk) - Chorus's credit rating has been upgraded a notch by Moody's Investors Service following the Commerce Commission's decision on pricing for the network operator's regulated copper lines and the company's decision to maintain its capital management policies. Moody's raised its rating on the Wellington-based company to Baa2 from Baa3, with a stable outlook, having signalled an upgrade in December due to the regulator's decision to let Chorus raise prices for access to the copper network. The upgrade co...

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