Auckland, 17 February 2024: Fletcher Building Limited (the “Company”) has been notified that credit rating agency Moody’s Investors Service has placed the Company’s credit rating of Baa2 and medium-term note (MTN) program rating of Baa2 on review for downgrade from an outlook of stable.
Fletcher Building CFO Bevan McKenzie said: “We will work alongside Moody’s during their review period, demonstrating our commitment to the credit metrics which underpin our rating of Baa2”.
#Ends
Authorised by:
Ashleigh Harding
Company Secretary
For further information please contact:
MEDIA
Christian May
General Manager – Corporate Affairs
+64 21 305 398
[email protected]
INVESTORS AND ANALYSTS
Aleida White
Head of Investor Relations
+64 21 155 8837
[email protected]
Pacific Edge had $28.5m in reserves as at the end of December 2024.
Gold gained 42% in NZ dollar terms last year, its value helped by falling interest rates.
The S&P/NZX 50 Index is down 1.5% since the beginning of the year.
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