S&P raises Port of Tauranga's credit rating to 'A-'

S&P raises Port of Tauranga's credit rating to 'A-'
Jenny Ruth
By Jenny Ruth Aug. 28 (BusinessDesk) - Port of Tauranga’s credit rating upgrade is “fantastic news” and makes it one of the few ports around the world with such a high credit rating, says chief executive Mark Cairns. That’s despite the port putting “a bit of pressure” on its balance sheet by continuing to pay special dividends. “That has quite an impact on our debt financing costs,” Cairns says. International ratings agency Standard & Poor’s raised the Tauranga port’s rating to 'A-' from 'BBB+' with a stable outlook because it “has...

More Primary Sector

BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Riley Kennedy 02 Jul 2025