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Credit Ratings

Kiwibank's capital buffers may prove 'too thin'

Kiwibank credit rating affirmed at AA but Fitch cautions on increasing competition & weaker capital position than rivals against backdrop of 'rapidly rising' house prices

S&P may cut TSB, Co-op, Heartland ratings

Updated
S&P warns it may cut credit ratings of TSB Bank, Co-op Bank, Heartland Bank and 5 credit unions by 1 or 2 notches; cites NZ's 'economic vulnerabilities' and risk of housing slump 

Kiwibank wary of macro-prudential requirements

Kiwibank may raise money to bolster its capital position to meet potential new Reserve Bank capital requirements

A shock to the system

UBS analyst's report suggests electricity sector would experience credit downgrades and reduced dividend payouts, including from SOEs

Moody's, S&P also raising NZ concerns

On the heels of Fitch's warning, fellow credit rating agency Moody's is seeing more evidence that 'a number of risks' faced by NZ's big banks are 'coming through the banking system'

Councils get thumbs up from S&P

Standard & Poor's likes how our rated councils manage their financials, reckons they can tolerate more debt than 'international peers'

Rising house prices Fitch's No. 1 concern

Big bank credit ratings in no immediate danger of downgrade from Fitch despite its concerns about potential asset bubbles

Fitch in NZ asset bubble warning

Updated
Credit rating agency Fitch warns challenges are increasing for NZ's big banks with strong asset growth & fierce price competition potentially leading to asset bubbles

Why don't banks offer secured deposits?

The Govt & RBNZ aren't interested in introducing a deposit insurance scheme, but what's stopping banks offering savers secured deposits?

Genesis, Contact mull future of equity bonds

Change of approach from Standard & Poor's could see Genesis and Contact bonds worth a combined NZ$475 mln redeemed early