- Release Date: 02/04/15 15:11
- Summary: CREDIT: FCG: Fonterra notifies affirmation of Credit Rating
- Price Sensitive: No
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FCG 02/04/2015 15:11 CREDIT PRICE SENSITIVE REL: 1511 HRS Fonterra Co-operative Group Limited CREDIT: FCG: Fonterra notifies affirmation of Credit Rating 2 APRIL 2015 FONTERRA NOTIFIES AFFIRMATION OF CREDIT RATING Fonterra Co-operative Group Ltd is pleased to advise that it has been notified by Standard & Poor's Ratings Services that they have affirmed Fonterra's credit rating. This affirmation follows the release of Standard & Poor's rating criteria for agricultural co-operatives which applies to Fonterra. Standard & Poor's has affirmed Fonterra's long-term rating of A and short-term rating of A-1. The outlook remains stable. Standard & Poor's has also affirmed the issue ratings on all of Fonterra's debt, including the subordinated notes which are rated A-. Chief Financial Officer Lukas Paravicini welcomed Standard & Poor's affirmation, reflecting their view of Fonterra's strong business position as a low cost, leading global dairy co-operative with significant financial flexibility. -ENDS- For further information contact: Abhy Maharaj Director Equity Markets Phone: +64 21 879 458 End CA:00262708 For:FCG Type:CREDIT Time:2015-04-02 15:11:54
Ann: CREDIT: FCG: Fonterra notifies affirmation of Credit Rating
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