Scoop has an Ethical Paywall
Credit Rating Sets Benchmark
Thursday 18 October 2001 For Immediate Release
Credit Rating Sets Benchmark
Fonterra
Co-operative Group Ltd’s AA- credit rating from Standard &
Poor’s is a benchmark to exceed, CEO Craig Norgate said
today.
“We’re pleased to be rated as having similar capacity to meet our obligations as ANZ, ASB Bank, Citibank, Commonwealth Bank of Australia and HSBC,” he said.
“The rating is a solid endorsement of our balance sheet strength, diversity, global positioning and strategic importance to the New Zealand economy.
“My long term goal is to achieve a credit rating comparable with the New Zealand Government.”
END
Advertisement - scroll to continue reading
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
University of Auckland: Protecting Young Minds With AI
Greenpeace: Greenpeace Calls On Fonterra Investors To Consider Big Picture With Giant Puzzle
Hugh Grant: How New Tech Helps Kids Love Soccer More
