Telecom drops Fitch from ratings coverage

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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance
August 13th Morning Report
Devon Funds Morning Note - 12 August 2025
Spark announces sale of 75% of data centre business
Blackpearl Announces $15M Capital Raise & Market Update