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.
Meridian Energy Limited
|For investor relations queries, please contact:
Investor Relations Manager
021 246 4772
|For media queries, please contact:
Meridian Energy Media Team
0800 948 843