Moody’s increases Chorus’ credit rating threshold

GENERAL
Mon, Jan 17 2022 02:33 pm

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]


Announcement PDF


Markets News

Spark's slide helps drive NZ sharemarket down
Markets Market Close

Spark's slide helps drive NZ sharemarket down

The S&P/NZX 50 Index closed at 12,166.14, down 100.11 points or 0.82%.

Markets

Why Air NZ has sent its top brass to India

Direct routes may be out of reach, but national carrier could land a deal.

Why Air NZ has sent its top brass to India