Standard & Poor’s Outlook Revision

Release






M e r i d i a n E n e r g y L i m i t e d ( A R B N 1 5 1 8 0 0 3 9 6 ) A c o m p a n y i n c o r p o r a t e d i n N e w Z e a l a n d
L e v e l 2 , 5 5 L a d y E l i z a b e t h L a n e , P O B o x 1 0 8 4 0 , W e l l i n g t o n 6 1 4 3

m e r i d i a n e n e r g y . c o . n z
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Standard & Poor’s Outlook Revision
25th February 2021
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:

Polly Atkins
Senior Communications Specialist
021 174 1715