Standard and Poors Credit Rating Reaffirmed | New Zealand
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Standard and Poors Credit Rating Reaffirmed

Monday, 19 May 2014
Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the Trust’s credit rating of BBB has been reaffirmed by Standard & Poor’s.

The Trust’s $295 million bond programme and $600 million senior secured bank debt are rated one notch higher at BBB+.

Andy Eakin, Chief Financial Officer of Goodman (NZ) Limited, said, “Standard & Poor’s have updated their ratings following the introduction of their new corporate credit criteria. The quality of the business and its strong balance sheet position are reflected in the investment grade credit ratings assigned to the Trust and its debt.”