Fletcher Building's Credit Rating Amendment

Fletcher Building Limited (ASX: $FBU) has received notification from credit rating agency Moody's Ratings regarding the amendment of the Company's credit rating from Baa2 with a stable outlook to Baa3 with a negative outlook. This amendment also applies to the rating for the Company's medium-term note (MTN) program. The Company's Acting CEO, Nick Traber, stated that the amended rating is not expected to have a material impact on the Company's cost of funding in the near-term.

Executive Commentary on Moody's Rating Amendment

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.

Summary of Moody's Rating Amendment for Fletcher Building

Fletcher Building Limited (ASX: $FBU) has been notified of the amendment of its credit rating by Moody's Ratings from Baa2 with a stable outlook to Baa3 with a negative outlook. The Company's Acting CEO, Nick Traber, emphasized that the amended rating is not expected to significantly impact the Company's cost of funding in the near-term. The Company remains committed to its credit metrics and aims to work towards returning the rating to the original level over time.