S&P increases Chorus’ credit rating threshold
GENERAL
Tue, Feb 01 2022 08:30 am
S&P has released the attached update on Chorus.
The update states that the downgrade threshold for Chorus has been increased to a debt to EBITDA ratio of 5.0x at the current rating level, compared with a ratio of 4.25x previously.
The long-term rating remains unchanged at BBB 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
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