Fletcher Building announces 2026 EBIT forecast, seeks to withdraw Moody's rating
16/06/2026 22:06
Fletcher Building announces 2026 EBIT forecast, seeks to withdraw Moody's rating June 17 (Reuters) - Fletcher Building FBU.NZ said on Wednesday it expected 2026 earnings before interest and taxes of NZ$375 million to NZ$380 million ($221.54 million), as recent divestments and property sales reduced net debt and supported its transition to a simplified capital structure.
The company added that it had notified Moody's that it wishes to withdraw its credit rating and would continue to target investment-grade credit metrics.
($1 = 1.7153 New Zealand dollars)
(Reporting by Shruti Agarwal in Bengaluru; Editing by Joyjeet Das)
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