Fonterra Shareholders' Fund (NZX: FSF) Fonterra Acknowledges Fitch Ratings Review

Fonterra Co-operative Group Limited (Fonterra) has been notified that credit agency Fitch Ratings has affirmed its long-term issuer default rating at ‘A’ and has revised its rating outlook for the Co-operative from ‘Negative’ to ‘Stable’.

Chief Financial Officer Marc Rivers says “this reflects the Co-op’s progress following our strategic review and, in particular, the work we’ve done to improve our balance sheet over the last few years.”

Please see the link below for details:

Fonterra acknowledges Fitch Ratings review

Source: Fonterra Shareholders' Fund

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Deferral of FDA consideration of enforcement discretion
MHJ - Response to ASX Query
CDI 2022 Interim Results
August 10th Morning Report
TWL - Resignation of Chief Operating Officer
NZA - Funding arrangements following Board changes
August 9th Morning Report
August 8th Morning Report
BIF - Potential material valuation increase for the fund
Nominations open for Fonterra Board of Directors' Election