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Article: Fitch Assigns Ratings To New Zealand's Fonterra Co-Operative Group Limited.
- Article from:
- Business Wire
- Article date:
- April 16, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
BRISBANE/HONG KONG/LONDON--(BUSINESS WIRE)--April 16, 2002
Fitch Ratings, the international ratings agency, has assigned a foreign currency Long-term rating of 'AA-' (AA minus) and a Short-term of 'F1+' to Fonterra Cooperative Group Limited ("Fonterra"). Also assigned are ratings of 'AA-' to unsubordinated notes issued under Fonterra's USD2.0 billion Euro Medium Term Note programme (EMTN) and of 'A+' to any subordinated notes issued under that programme. Finally, an 'F1+' rating is assigned to Fonterra's USD1.5bn Euro Commercial Paper (ECP) programme and USD1.5bn USCP programme. The Long-term rating Outlook is Stable.
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