Credit rating
New Zealand Post Limited has credit rating issued by Standard & Poor’s of A+ (Negative outlook).
There are two main debt instruments currently on issue:
| Issuer | Instrument | On issue | Total facility | Rate | Maturity |
|---|---|---|---|---|---|
| New Zealand Post Limited | Wholesale bond | $150m | $200m | 5.225% | November 2016 |
| New Zealand Post Finance Limited | Hybrid notes | $200m | $200m | 7.5% | November 2039 |
New Zealand Post Limited’s overall capital and funding structure at year end 2012 is detailed in the chart below:
Please note: for simplicity and clarity this information excludes Kiwibank funding (Kiwi Income Securities - $150m and Kiwibank subordinated debt - $135m).
Credit rating
New Zealand Post Limited has a credit rating issued by Standard & Poor’s of A+ (Negative outlook). The rating is reviewed on a semi-annual basis with the last amendment on 21 May 2013.
Standard & Poor's reports
View the most recent reports by Standards & Poor's below:
- 21 May 2013 Standard & Poor's report (PDF - 275kb)
- 2 November 2012 Standard & Poor's report (PDF - 89kb)
- 29 June 2012 Standard & Poor's report (PDF - 271kb)
- 31 January 2012 Standard & Poor's report (PDF - 426kb)
- 21 December 2011 Standard & Poor's report (PDF - 476kb)
Standard & Poor’s Financial Services LLC, provides independent financial information, analytical services, and credit ratings to the world’s financial markets.
For more information on Standard & Poor’s, visit standardandpoors.com.