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Fonterra Co-operative Group Limited ( (NZ:FCG) ) has shared an update.
Fonterra Co-operative Group will end its engagement with external credit rating agency Fitch Ratings, leaving S&P Global Ratings as its sole external credit rating provider. The co-operative, currently rated A stable by Fitch and A- stable by S&P, says the move aligns with its drive to operate as a simpler business while maintaining standard market practice for corporate debt issuers.
Fonterra emphasised that discontinuing the Fitch relationship does not reflect any concerns with the agency’s work and that a single rating will still support continued access to debt markets. The change, effective 1 June 2026, streamlines the company’s ratings arrangements without signalling a shift in its underlying credit quality or funding strategy.
More about Fonterra Co-operative Group Limited
Fonterra Co-operative Group is a New Zealand-based dairy co-operative and one of the world’s largest dairy exporters. The group focuses on processing and marketing dairy products and ingredients to global markets, supporting its farmer-shareholders through access to international demand for milk-based commodities and value-added dairy solutions.
Average Trading Volume: 264,280
Technical Sentiment Signal: Hold
Current Market Cap: N$6.95B
See more data about FCG stock on TipRanks’ Stock Analysis page.