S&P reaffirms Mighty River Power’s BBB+ 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 published today.
Mighty River Power CFO, William Meek, said the Company targets an investment grade long-term credit rating of BBB+ as a prudent and sustainable capital structure. The Company receives a one-notch uplift from its stand-alone rating of ‘bbb’, reflecting the legislated majority ownership by the Crown.