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AMPOL LIMITED — Capital/Financing Update 2019
Jun 24, 2019
64361_rns_2019-06-24_19528caf-c0e0-4121-8234-59b5f8247274.pdf
Capital/Financing Update
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ASX Release
25 June 2019
RE-AFFIRMATION OF CREDIT RATING
Caltex Australia (ASX:CTX) acknowledges that S&P Global Ratings has re-affirmed the BBB+ long term issuer credit rating for Caltex following the profit downgrade last week. S&P has also revised its outlook on Caltex to negative from stable. The negative outlook reflects the challenging industry conditions, especially for the convenience retail business.
Importantly, Caltex recently communicated its strong emphasis on both reducing costs and improving returns and capital efficiency, including in the Convenience Retail business. Delivering these priorities will ensure Caltex’s balance sheet remains strong.
INVESTOR CONTACT
Dale Koenders Head of Investor Relations +61 2 9250 5626 +61 457 559 036 [email protected]
MEDIA CONTACT
Richard Baker Head of Corporate Communications +61 2 9250 5369 +61 417 375 667 [email protected]
Caltex Australia
A proud and iconic Australian company, Caltex [ASX: CTX] has grown to become the nation’s leading transport fuel supplier, with a network of approximately 2,000 Company-owned or affiliated sites. Caltex aims to be the market leader in complex supply chains and the evolving convenience marketplace by delivering the fuel and other everyday needs of its diverse customers through its networks. Caltex has safely and reliably fuelled the needs of Australian motorists and businesses since 1900. It operates as a refiner, importer and marketer of fuels and lubricants. Follow us on LinkedIn, Twitter and Facebook, and for more information visit www.caltex.com.au
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