5 June 2024   |   Announcements

Fletcher Building notifies Moody’s rating amendment

Fletcher Building Limited (the “Company”) has been notified that credit rating agency Moody’s Ratings has amended the Company’s credit rating from Baa2 on a stable outlook to Baa3 on a negative outlook.

This amendment also applies to the rating for the Company’s medium-term note (MTN) program.

The amended rating does not have a material impact on the Company’s cost of funding in the near-term.
Fletcher Building Acting CEO Nick Traber said: “The Company remains committed to the credit metrics which underpin our original rating of Baa2 on a stable outlook. We will continue to work with Moody’s with an objective of returning our rating to this level over time.”

Authorised by: Haydn Wong, Company Secretary

For more information, please contact:

Christian May
General Manager - Corporate Affairs
+64 21 305 398
Aleida White
Head of Investor Relations
+64 21 155 8837