Announcement
CREDIT: MEL: Standard & Poor's Outlook Revision
02:17pm
MEL
10/07/2020 14:17
CREDIT
NOT PRICE SENSITIVE
REL: 1417 HRS Meridian Energy Limited (NS)
CREDIT: MEL: Standard & Poor's Outlook Revision
Standard & Poor's Global Ratings has revised its credit rating outlook for
Meridian Energy Limited (MEL) to BBB+/Negative from BBB+/Stable.
Standard & Poor's stated that the negative outlook reflects the risk of a
challenging operating environment for the two to three years post the closure
of Rio Tinto's New Zealand Aluminum Smelter on 31st August 2021.
At the same time, Standard & Poor's affirmed Meridian's 'BBB+' long-term
issuer credit rating and 'A2' short term issuer credit rating.
End CA:00356095 For:MEL Type:CREDIT Time:2020-07-10 14:17:35
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