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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Mondi    MNDI   GB00B1CRLC47

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MONDI PLC : - Upgrade of Moody's Long Term Credit Rating to Baa1

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09/07/2017 | 01:31pm CET
    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.'


    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

© PRNewswire 2017
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