Fletcher Building notifies Moody’s rating amendment

Fletcher Building Limited,
Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand



Fletcher Building notifies Moody’s rating amendment
Auckland, 5 June 2024: Fletcher Building Limited (the “Company”) has been
notified that credit rating agency Moody’s Ratings has amended the Company’s
credit rating from Baa2 on a stable outlook to Baa3 on a negative outlook. This
amendment also applies to the rating for the Company’s medium-term note
(MTN) program.

The amended rating does not have a material impact on the Company’s cost of
funding in the near-term.

Fletcher Building Acting CEO Nick Traber said: “The Company remains
committed to the credit metrics which underpin our original rating of Baa2 on a
stable outlook. We will continue to work with Moody’s with an objective of
returning our rating to this level over time.”



#Ends

Authorised by:
Haydn Wong
Company Secretary

For further information please contact:

MEDIA
Christian May
General Manager – Corporate Affairs
+64 21 305 398
Christian.May@fbu.com
INVESTORS AND ANALYSTS
Aleida White
Head of Investor Relations
+64 21 155 8837
Aleida.White@fbu.com