Why is Fitch Ratings withdrawing its ratings on Fonterra?

Fitch Ratings is withdrawing its ratings on Fonterra Co-operative Group for commercial reasons, following Fonterra's announcement on May 22 that it would end its engagement with the agency to reflect its continued focus on operating as a simpler business.

What are Fonterra's current credit ratings from Fitch, and what will happen to them?

Fitch currently maintains an international Long-Term Issuer Default Rating of 'A' on Fonterra with a stable outlook, and also rates the company's senior unsecured notes at 'A'; Fitch intends to withdraw these ratings on or about July 1.

Fitch Ratings to withdraw NZ's Fonterra ratings after it ends engagement

Jun 1, 2026

Fitch Ratings plans to withdraw its credit ratings on Fonterra after the dairy producer ended its engagement to simplify operations. Fonterra will remain rated by S&P Global Ratings while continuing its focus on streamlined business operations.

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2026-06-01

Fitch Ratings to withdraw NZ's Fonterra ratings after it ends engagement

2026-07-12

NZ's Fonterra trims top end of annual milk price forecast on weak demand

Fitch Ratings to withdraw NZ's Fonterra ratings after it ends engagement

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