Oct 21 (Reuters) - FONTERRA:
* Fonterra - says has been notified by Fitch ratings that they have reviewed fonterra's credit rating
* Fonterra says Fitch ratings has lowered fonterra's long-term issuer default rating and senior unsecured rating to a from aa-, short term issuer default rating to f1 from f1+.
* Fonterra - Fitch ratings has also lowered fonterra's subordinated debt rating to a- from a+
* Fonterra says revised ratings will not have any impact on fonterra's strategy or on farmer shareholder pay-out
* Fonterra - Fitch ratings says co's outlook is stable
* Source text for Eikon ID:nASX2k4yhm