Fletcher Building's ratings under Moody's review

Fletcher Building's credit rating and medium-term note (MTN) program rating have been placed on review for downgrade by Moody's Investors Service.

The company's credit rating of Baa2 and MTN program rating of Baa2 are now under review, with the possibility of a downgrade from the current stable outlook.

Fletcher Building's chief financial officer, Bevan McKenzie, acknowledged the review and expressed the company's commitment to the credit metrics supporting its Baa2 rating.

No further information or details were provided in the announcement.