Standard & Poor’s Upgrades POT’s Credit Rating to ‘A-/A-2’

28 August 2019



Standard & Poor’s Upgrades Port of Tauranga Limited’s
Credit Rating to 'A-/A-2' on Consolidation of Strategic
Position; Outlook Stable


On 27 August 2019, ratings agency Standard & Poor’s (S&P) raised their long-term issuer credit rating
on Port of Tauranga Limited (POT) from 'BBB+' to 'A-'. S&P have also affirmed POT’s 'A-2' short-term
rating.

This upgrade to POT’s long-term credit rating reflects POT has consolidated its competitive position
within New Zealand on the back of strategic investments and constrained competitors.


For further details, please contact:
Steve Gray
Chief Financial Officer
Port of Tauranga Limited
Ph: 07 572 8805
http://www.port-tauranga.co.nz/category/current-news/










About Port of Tauranga
Port of Tauranga, headquartered in the Bay of Plenty, is New Zealand’s largest port and international freight
gateway. It operates wharves in Tauranga, Mount Maunganui and Timaru, as well as MetroPort Auckland, a
rail-linked inland port in South Auckland and MetroPort Christchurch, an intermodal freight hub in Rolleston.
The Port of Tauranga Group includes: Quality Marshalling (100% ownership), a cargo services company; Coda
(50% ownership), a freight logistics group; Northport (50% ownership), the deep water commercial port in
Whangarei; PrimePort Timaru (50% ownership), the commercial port in Timaru; Timaru Container Terminal
(50.1% ownership), which leases and operates the terminal at Timaru; and PortConnect (50% ownership), an
online cargo management system. For more information, please visit www.port-tauranga.co.nz