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.
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