Key facts
- Fitch Ratings plans to withdraw its ratings on Fonterra Co-operative Group.
- Fonterra Co-operative Group announced it would cease engagement with Fitch Ratings.
- The withdrawal is expected on or about July 1.
- Fonterra will continue to be rated by S&P Global Ratings.
Fitch Ratings' decision to withdraw its ratings on Fonterra comes after the dairy cooperative announced it would end its relationship with the agency. This move reflects Fonterra's strategy to operate as a simpler business. While Fitch will cease its coverage, Fonterra will maintain its rating with S&P Global Ratings, providing continued insight into its financial standing.