FCG fonterra co-operative group limited (ns)

Ann: CREDIT: FCG: Fonterra notifies affirmation of Credit Rating

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    • 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
    				
 
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