Ann: CREDIT: NZP010: S&P to lower rating on notes

• Release Date: 31/10/12 12:52
• Summary: CREDIT: NZP010: S&P to lower rating on notes issued by NZPost Group Finance
• Price Sensitive: No
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NZP
31/10/2012 10:52
CREDIT

REL: 1052 HRS New Zealand Post Group Finance Limited

CREDIT: NZP010: S&P to lower rating on notes issued by NZPost Group Finance

Following advice yesterday from Standard & Poor's Rating Services that New
Zealand Post Limited's long-term/short-term issuer credit rating has been
lowered to A+/A-1, Standard & Poor's have now confirmed that the rating for
the subordinated notes issued by New Zealand Post Group Finance Limited will
be lowered from A to A-.

Sarah Graydon
Group Legal Counsel
End CA:00229120 For:NZP    Type:CREDIT     Time:2012-10-31 10:52:21