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”.
Authorised by: Ashleigh Harding, Company Secretary