To view the PDF file, sign up for a MySharenet subscription.

MONDI LIMITED - Upgrade of Moodys Long Term Credit Rating to Baa1, Stable Outlook

Release Date: 07/09/2017 13:30
Code(s): MND MNP     PDF:  
Wrap Text
Upgrade of Moody’s Long Term Credit Rating to Baa1, Stable Outlook

Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

7 September 2017

As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi
Group” or “Mondi”) notify both the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the Listings Requirements of the JSE Limited and/or the
Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom
Listing Authority.

Upgrade of Moody’s Long Term Credit Rating to Baa1, Stable Outlook

Mondi Group is pleased to announce that Moody's Investors Service has upgraded the Group's
credit rating to Baa1 from Baa2.

Referring to the improvement in the Group's credit rating, Andrew King, Mondi's Chief Financial
Officer, commented, "We are pleased to confirm that Moody's has upgraded our credit rating
in recognition of the Group's ongoing financial strength and robust business model.’


Contact


James Paterson        +44 (0)1932 826340
Andrew King           +44 (0)1932 826355
Lora Rossler          +27 83 627 0292


We are Mondi: IN TOUCH EVERY DAY

Mondi is an international packaging and paper Group, employing around 25,000 people across
more than 30 countries. Our key operations are located in central Europe, Russia, North
America and South Africa. In 2016, Mondi had revenues of €6.7 billion and a return on capital
employed of 20.3%.

We are fully integrated across the packaging and paper value chain - from managing forests
and producing pulp, paper and compound plastics, to developing effective and innovative
industrial and consumer packaging solutions. With over 100 products customised into more
than 100,000 solutions, we offer more than you may expect. Leading brands around the world
rely on our innovative technologies and products across a variety of industries such as
agriculture; automotive; building and construction; chemicals and dangerous goods; food and
beverages; graphic and photographic; home and personal care; medical and pharmaceutical;
office and professional printing; packaging and paper converting; pet care; retail and e-
commerce; and shipping and transport.

We believe sustainable development makes good business sense. It's integral to our
responsible and profitable growth, and embedded in everything we do, every day. We continue
to look for ways to do more with less, promote the responsible management of ecosystems,
develop and inspire our people, and enhance the value that our sustainable product solutions
create.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi
Limited under the ticker code MND and a premium listing on the London Stock Exchange for
Mondi plc, under the ticker code MNDI. We have been included in the FTSE4Good Index
Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.


Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 07/09/2017 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story