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Credit Ratings

Rabobank NZ faces credit rating downgrade

S&P likely to drop Rabobank NZ long-term credit rating one notch to A+ after end of Dutch parent's unconditional guarantee; NZ CEO says bank has outgrown the need for a parental guarantee

RBNZ delves into the cost of credit ratings

RBNZ review of credit rating exemptions for NBDTs highlights the attraction of the cheaper P2P business model

S&P changes how it rates finance companies

Standard & Poor's revamps credit rating methodology for finance companies moving to more prescriptive approach

An economic handbrake

Bernard Hickey points to Standard & Poor's remarkable call for reforms to reduce income inequality as a way to improve economic growth

Big banks & wholesale funding dependence

No end in sight for big 4 NZ banks' 'structural' reliance on offshore wholesale funding

Avanti Finance's home loan push

Consumer lender Avanti Finance expands in home loan market with funding from Westpac; Is no longer a non-bank deposit taker

Strong interest in F&P securitisation

Fisher & Paykel Finance says good level of interest received in its $283.25m Q Card securitisation from both local and overseas investors

Q Card securitisation underway at F&P

F&P Finance launches $283.25 mln Q card receivables securitisation programme

Wholesale funding Achilles heel remains

NZ's big banks would remain 'comfortably solvent' in a severe recession such as the one that hit the US between 2008-11, Moody's says

Youi enters NZ insurance market

South African 'challenger brand' Youi officially launches in NZ targeting the IAG dominated car, home & contents insurance markets; CEO says he won't do irrational things to get marketshare