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S&P reaffirms Mighty River Power’s corporate credit rating

S&P reaffirms Mighty River Power’s BBB+ corporate credit rating


Ratings agency Standard & Poor’s has confirmed Mighty River Power’s corporate credit rating as BBB+/Stable in a report based on the updated Global Ratings Criteria and Methodology.

Mighty River Power CFO, William Meek, said it was pleasing to have the Company’s credit rating reaffirmed by S&P, with particular acknowledgment of Mighty River Power’s integrated business model along with the improved portfolio resilience from the addition of base-load geothermal – which now makes up more than 40% of annual electricity generation.

ENDS.

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