Credit rating agency Standard and Poor's has issued an updated rating report on Fonterra Co-operative Group, incorporating the group's financial performance for the year to May 31.
The credit rating agency has maintained its long-term rating for Fonterra of AA-minus and its short-term rating of A1-plus with a stable outlook.
Standard and Poor's described Fonterra's business risk profile as "excellent" and its financial risk profile as "minimal".
- NZPA
S&P maintains Fonterra credit rating
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