MRP 0.00% 0.0¢ mighty river power limited (ns)

Ann: CREDIT: MRP: S&P reaffirms BBB+ corporate credit rating

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    • Release Date: 07/05/15 17:29
    • Summary: CREDIT: MRP: S&P reaffirms BBB+ corporate credit rating
    • Price Sensitive: No
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    					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
    				
 
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