News
Telecom bondholders offered fee to approve de-merger
Tuesday 13th of September 2011
Standard & Poor's and Moody's Investors Service have already said a direct consequence of the de-merger will be a one notch downgrade of Telecom's current "A" rating (on the S&P scale) to "-A" for "new Telecom."
Bondholders will remain debt holders of "new Telecom" while "new Chorus" will be rated "BBB" by S&P and "Baa2" by Moody's.
The bondholders will vote on the de-...
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