Moody’s updated credit opinion
Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand
Email: company.secretary@chorus.co.nz
STOCK EXCHANGE ANNOUNCEMENT
3 July 2018
Moody’s updated credit opinion
Moody's Investors Services has released the attached updated credit opinion on
Chorus. The long term rating remains unchanged at Baa2 (outlook stable).
It also notes that a transition to a regulated utility model could support a higher
leverage profile within Chorus’ Baa2 credit rating.
ENDS
For further information:
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: brett.jackson@chorus.co.nz
Andrew Hopkinson
Treasurer
Phone: +64 4 896 4014
Mobile: +64 (27) 249 5678
Email: andrew.hopkinson@chorus.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MEL — Meridian Energy Limited: S&P reaffirms Meridian’s BBB+ corporate credit rating2018-07-10
“PG 1 S&P reaffirms Meridian Energy’s BBB+ corporate credit rating 10 July 2018 Ratings agency Standard & Poor’s has reaffirmed Meridian Energy’s corporate credit rating as BBB+/Stable/A-2. This includes the current one-notch uplift from the Company’s stand-alone rating of ‘b…”
- SPK — Spark New Zealand Limited: Spark New Zealand FY18 Results Announcement2018-08-21
“Disclaimer 29 This announcement may include forward-looking statements regarding future events and the future financial performance of Spark New Zealand. Such forward-looking statements are based on the beliefs of and assumptions made by management along with information curren…”
- NZX — NZX Limited: NZX Half Year 2018 & Interim Report Published2018-08-14
“www.nzx.com 3 of 3 Costs Total operating expenses from continuing operations were $20.2 million. These costs include several targeted investments made in the first six months, with roles created in marketing, dairy derivatives and cyber security. A project management office…”