MRP
07/05/2015 17:29
CREDIT
PRICE SENSITIVE
REL: 1729 HRS Mighty River Power Limited (NS)
CREDIT: MRP: S&P reaffirms BBB+ 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 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.
ENDS
For further information:
David Glendining
Head of Communications
T 0272 105 337
Anna Hirst
Head of Investor Relations
T 0275 173 470
End CA:00264075 For:MRP Type:CREDIT Time:2015-05-07 17:29:48