Ann: CREDIT: FCG: Fonterra notifies Standard and Poor's Rating Review

• Release Date: 14/10/15 17:00
• Summary: CREDIT: FCG: Fonterra notifies Standard and Poor's Rating Review
• Price Sensitive: No
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					FCG
14/10/2015 17:00
CREDIT
PRICE SENSITIVE
REL: 1700 HRS Fonterra Co-operative Group Limited

CREDIT: FCG: Fonterra notifies Standard and Poor's Rating Review

FONTERRA NOTIFIES STANDARD & POOR'S RATING REVIEW

Fonterra Co-operative Group Ltd has been notified by Standard & Poor's
Ratings Services that they have reviewed Fonterra's credit rating.

Standard & Poor's has lowered Fonterra's long-term rating to A- from A and
has lowered the short-term rating to A-2 from A-1. It has also lowered the
rating on Fonterra's subordinated notes to BBB+ from A-. The outlook is
stable.

-ENDS-

For further information contact:
Simon Till
Director Capital Markets
Phone: +64 21 777807
End CA:00271751 For:FCG    Type:CREDIT     Time:2015-10-14 17:00:04