S&P Revises Chorus' Downgrade Threshold- Debt to EBITDA Ratio 4.25x

  • Nov 20, 2019 AEDT
  • Team Kalkine

Chorus Limited (ASX: CNU) announced that the S&P has updated the debt to EBITDA ratio of 4.25x at the current rating level, compared with a debt to EBITDA ratio of 4x previously.

This revision reflects the company's overall strong credit profile, underpinned by its leading position in New Zealand's fixed-line network.

The company’s long-term rating remains at BBB stable.

At AEST (01:42 PM), the stock was trading at $5.28, up by 0.3%.

 

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