October 14, 2015
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Fonterra Co-operative Group Ltd is pleased to advise that it has been notified by Standard & Poor’s Ratings Services that they have affirmed Fonterra’s credit rating.
This affirmation follows the release of Standard & Poor’s rating criteria for agricultural co-operatives which applies to Fonterra.
Standard & Poor’s has affirmed Fonterra’s long-term rating of A and short-term rating of A-1. The outlook remains stable. Standard & Poor’s has also affirmed the issue ratings on all of Fonterra’s debt, including the subordinated notes which are rated A-.
Chief Financial Officer Lukas Paravicini welcomed Standard & Poor’s affirmation, reflecting their view of Fonterra’s strong business position as a low cost, leading global dairy co-operative with significant financial flexibility.
Fonterra has achieved its most encouraging sustainability results since starting its annual reporting four years ago, but the Co-op is staying focused on what still needs to be done to reach its long-term targets.
November 03, 2020
Fonterra Co-operative Group Limited today increased the mid-point of its forecast Farmgate Milk Price range to $6.80 per kgMS, up from $6.40 per kgMS, while retaining its current +/-50c per kgMS range.
October 15, 2020