Fonterra current credit rating status

A-

S&P Global Ratings has rated Fonterra, A- / Outlook stable

A

Fitch Ratings has rated Fonterra, A / Outlook stable

Sustainable Finance

Fonterra has released its Sustainable Finance Framework, which aligns Fonterra’s funding strategy with its sustainability ambitions and reflects the evolving preferences of lenders and debt investors in this area. See the Media Release here. For more information you can view the following documents and listen to the Debt Investor Group Call held on 25 October 2022:

Retail Bonds and Capital Notes

Fonterra has Retail Bonds and Capital Notes on the issue and listed on the New Zealand Stock Exchange Debt Market (NZDX). To buy or sell Retail Bonds / Capital Notes, please contact your broker.

Retails Bonds have been rated the same as the Company by both S&P and Fitch. Capital Notes which are subordinate to other Fonterra debt issued are rated BBB+ by S&P and A- by Fitch.