Moody’s increases Chorus’ credit rating threshold

Moody’s increases Chorus’ credit rating threshold

Moody’s Investors Service has today announced that the downgrade threshold for Chorus has been increased to a debt to EBITDA ratio of 5.25x at the current rating level, compared with a ratio of 4.2x previously.

The report is attached.

The long-term rating remains at Baa2 stable.

Authorised by:
David Collins
Chief Financial Officer

ENDS

For further information:

Steve Pettigrew
Head of External Communications
Mobile: +64 (27) 258 6257
Email: [email protected]

Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: [email protected]

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Announcement PDF