Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand
Email: company.secretary@chorus.co.nz
STOCK EXCHANGE ANNOUNCEMENT
31 January 2022
S&P increases Chorus' credit rating threshold
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:steve.pettigrew@chorus.co.nz
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email:brett.jackson@chorus.co.nz
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Chorus Limited published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 19:41:01 UTC.