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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