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Chorus Limited (NS) — Regulatory Filings 2019
Nov 20, 2019
66180_rns_2019-11-20_20e5e0d2-4166-46e5-aaea-fc94df481344.pdf
Regulatory Filings
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand
Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
20 November 2019
S&P revises Chorus debt to EBITDA threshold upwards
S&P has released the attached update on Chorus.
The update states that the downgrade threshold for Chorus has been revised to a debt to EBITDA ratio of 4.25x at the current rating level, compared with a debt to EBITDA ratio of 4x previously.
The long-term rating remains at BBB stable.
ENDS
For further information:
Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]
Nathan Beaumont Stakeholder Communications Manager Phone: +64 4 896 4352 Mobile: +64 (21) 243 8412 Email: [email protected]