Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


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.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark… More>>


Cut Before Using: Australian Strawberries Withdrawn

Needles were found in a punnet of strawberries sourced from Western Australia, which was bought in a Countdown supermarket in Auckland. The Choice brand of strawberries was sold nationwide last week. More>>


"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>


Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>