Sharechat Logo

Meridian Energy Limited (NZX: MEL) Standard & Poor's Outlook Revision

Thursday 25th February 2021

Text too small?

Standard & Poor’s Global Ratings has revised its credit rating outlook for Meridian Energy Limited (MEL) to BBB+/Stable from BBB+/Negative.

Standard & Poor’s stated that the revised outlook to stable reflects their view that Rio Tinto’s decision to continue operations at its NZAS smelter until at least 31 December 2024, eases previously forecast pressure on earnings and energy margins.

At the same time, Standard & Poor’s affirmed Meridian’s ‘BBB+’ long-term issuer credit rating and ‘A2’ short term issuer credit rating.

Please see the link below for details:

Standard & Poor’s Outlook Revision

Source: Meridian Energy Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Restaurant Brands New Zealand Limited (NZX: RBD) Q4 Sales Announcement
NZ Automotive Investments Limited (NZX: NZA) trading update
Livestock Improvement Corporation Limited (NZX: LIC) Half-Year Result 2021-22
NZ Compare announces the acquisition of PriceMe
Tourism Holdings Limited (NZX: THL) thl to acquire MaxiTRANS NZ
NZ Compare announces the acquisition of PriceMe
25th January 2022 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra lifts forecast Farmgate Milk Price range
Green Cross Health Limited (NZX: GXH) Trading update
Ebos Group Limited (NZX: EBO) Retail Offer Oversubscribed