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Fletcher Building Plans Moody’s Rating Withdrawal Amid $450m Debt Paydown
6:30am on Wednesday 17th of June, 2026 AEST
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Construction
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Fletcher Building Plans Moody’s Rating Withdrawal Amid $450m Debt Paydown
6:30am on Wednesday 17th of June, 2026 AEST
Key Points
FY26 EBIT forecast steady at $375m-$380m including property gains
Six divestments and property sales to generate ~$450m cash
Net debt set to fall near midpoint of $400m-$900m target range
Moody’s credit rating withdrawal planned despite maintaining investment grade metrics
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Fletcher Building (NZX:FBU)
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