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 31^st 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. 

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited