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Credit Ratings

Fitch upgrades Heartland rating

Heartland credit rating lifted a notch, other NZ owned financial institutions' ratings affirmed by Fitch

'OBR supports stability of banking system'

RBNZ's OBR policy signals decreasing prospect of taxpayer funded bailout of NZ bank in a crisis, S&P says

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