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