Latest Credit Ratings News

SGH Ltd and Steel Dynamics have jointly proposed a $13.2 billion acquisition of BlueScope Steel, offering shareholders a significant premium and planning a strategic split of assets between Australia and North America.

Infratil Limited has achieved a significant milestone with S&P Global Ratings assigning it a BBB+ investment grade credit rating, signaling strong financial health and promising future expansion opportunities.

Electro Optic Systems has secured a US$21 million order for its R400 Remote Weapon System from a North American customer, boosting its contract backlog to over A$400 million and setting the stage for strong revenue growth in 2026 and 2027.

Ampol Limited reports solid first-half 2025 results, highlights a strengthening refinery margin, and advances its strategic acquisition of EG Australia, aiming to reshape its retail footprint and cost base.

Dalrymple Bay Infrastructure has secured $1.07 billion in new loan facilities, slashing its borrowing costs and extending debt maturity while maintaining its investment grade rating.

APA Group’s BBB credit rating is affirmed by S&P with a key modification that expands its borrowing power by over $1 billion, positioning the energy infrastructure giant for accelerated growth.

Dexus has priced a A$500 million subordinated notes issue, enhancing its financial flexibility and extending its debt maturity profile. The move reflects strong investor demand and strategic capital management.

Emeco Holdings has refinanced its long-term debt with a new A$355 million facility, extending maturity and improving terms to support future growth.

Genesis Energy’s 2025 Investor Day confirms its strategy and earnings growth remain firmly on track, anchored by a substantial renewable pipeline and robust capital management.

Moody’s has upgraded Bendigo and Adelaide Bank’s long-term credit rating to A3, citing strong asset quality and liquidity. The outlook shifts to stable, reflecting confidence tempered with caution.

TPG Telecom has successfully raised $300 million through its institutional reinvestment plan, issuing new shares at a discount to offset recent capital returns and strengthen its balance sheet. The plan faced adjustments due to a tragic incident and volatile market conditions.

Orica Limited has delivered its strongest financial performance in over a decade, driven by premium product demand and digital innovation, while advancing ambitious sustainability targets. The company signals continued growth for 2026 despite emerging supply chain challenges.