Ann: GENERAL: SPK: Spark New Zealand moves to one credit rating agency

• Release Date: 19/09/14 13:18
• Summary: GENERAL: SPK: Spark New Zealand moves to one credit rating agency
• Price Sensitive: No
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					SPK
19/09/2014 13:18
GENERAL

REL: 1318 HRS Spark New Zealand Limited

GENERAL: SPK: Spark New Zealand moves to one credit rating agency

Market Announcement

19 September 2014

Spark New Zealand moves to one credit rating agency

Spark New Zealand Limited (Spark New Zealand) announced today that it intends
to move to one credit rating agency. Accordingly, Spark New Zealand has
advised Moody's Investors Service Pty Limited (Moody's) that it wishes to end
its formal engagement and has requested that Moody's credit rating of Spark
New Zealand be withdrawn by 30 November 2014.

Due to Spark New Zealand's reduced debt levels post-demerger and its debt
requirements going forward, Spark New Zealand no longer believes it is
necessary to maintain two credit ratings.  Spark New Zealand will continue to
be rated by Standard & Poor's.

Notification to domestic bondholders relating to amendments made to the Trust
Deed to allow for one credit rating is attached.

-ENDS-

For media queries, please contact:
Richard Llewellyn
Head of Corporate Communications +64 (0) 27 523 2362

For investor relations queries, please contact:
Mark Laing
General Manager Corporate Finance +64 (0) 27 227 5890
End CA:00255455 For:SPK    Type:GENERAL    Time:2014-09-19 13:18:05