Standard & Poor’s Global Ratings has revised its credit rating outlook for Meridian Energy Limited (MEL) to BBB+/Stable from BBB+/Negative.
Standard & Poor’s stated that the revised outlook to stable reflects their view that Rio Tinto’s decision to continue operations at its NZAS smelter until at least 31 December 2024, eases previously forecast pressure on earnings and energy margins.
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
| For investor relations queries, please contact: Owen Hackston Investor Relations Manager 021 246 4772 |
For media queries, please contact: Meridian Energy Media Team 0800 948 843 MediaTeam@meridianenergy.co.nz |