Friday 29th June 2012 |
Text too small? |
Telecom, the largest company on the NXZ 50, has dropped Fitch Ratings from its credit ratings line-up.
The telecommunications company will continue to engage with ratings agencies Standard & Poor's and Moody's Investors Service for ratings and analytical coverage, it said in a statement.
"It is what it is, we have two rating agencies and that is sufficient coverage," a spokesperson for Telecom told BusinessDesk. Standard & Poor's long term rating for Telecom is A-/stable, while Moody's is A3 stable.
In October, Fitch has downgraded Telecom's long term credit rating from A- to BBB+/Stable. Shares in the company opened the day on $2.39. The stock has gained 17 percent this year.
BusinessDesk.co.nz
No comments yet
PaySauce Quarterly Market Update - June 2024
Manawa Energy - Annual Meeting and Director Nominations
SKO - Annual Shareholders Meeting Materials
VGL - 2024 Half Year Results Announcement Date
TruScreen Group Limited ("TRU") - Late Annual Report
ARB - Sale of In Vitro Business
NZK - Change of External Auditor
SCT - Scott lands major contracts for MHL in Europe
July 2nd Morning Report
PFI - Details of FP24 Results Webcast