Standard & Poor's have increased the downgrade threshold for telecommunications company Chorus, raising the debt to EBITDA ratio from 4.25x to 5.0x at the current rating level, with the long-term rating remaining at BBB stable.
For further information contact Steve Pettigrew, Head of External Communications, or Brett Jackson, Investor Relations Manager.
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The S&P/NZX 50 Index closed at 11,790.92, up 14.18 points or 0.12%.
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