Moody’s increases Chorus’ credit rating threshold

Moody's increases Chorus' credit rating threshold Moody's Investors Service has today announced that the downgrade threshold for Chorus has been increased to a debt to EBITDA ratio of 5.25x at the current rating level, compared with a ratio of 4.2x previously. The report is attached. The long-term rating remains at Baa2 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 End CA:00386021 For:CNU Type:GENERAL Time:2022-01-17 14:33:22