Credit Ratings
Fitch Ratings affirms the AA- ratings of ANZ and Westpac but warns both they and their NZ subsidiaries might see a weakening in earnings relative to their peers
18th Jul 19, 11:39am
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Fitch Ratings affirms the AA- ratings of ANZ and Westpac but warns both they and their NZ subsidiaries might see a weakening in earnings relative to their peers
Auckland Council confident of keeping debt under $9 billion at year's end as staff numbers grow
18th Jun 19, 3:22pm
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Auckland Council confident of keeping debt under $9 billion at year's end as staff numbers grow
'Bittersweet' moment for Fonterra as it sells iconic NZ brand to global ice cream company Froneri
13th May 19, 9:04am
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'Bittersweet' moment for Fonterra as it sells iconic NZ brand to global ice cream company Froneri
Credit rating agency Fitch says ANZ NZ, ASB, BNZ and Westpac NZ 'won't need to do anything extraordinary' to meet RBNZ's proposed increased capital requirements
24th Apr 19, 5:00am
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Credit rating agency Fitch says ANZ NZ, ASB, BNZ and Westpac NZ 'won't need to do anything extraordinary' to meet RBNZ's proposed increased capital requirements
Mayor Phil Goff says Auckland Council's share of the $1b City Rail Link project cost blowout can be paid for without increasing council debt or rates
18th Apr 19, 4:29pm
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Mayor Phil Goff says Auckland Council's share of the $1b City Rail Link project cost blowout can be paid for without increasing council debt or rates
S&P closely watching how open banking could impact the competitive dynamics for banks and potentially their credit ratings
12th Apr 19, 9:53am
S&P closely watching how open banking could impact the competitive dynamics for banks and potentially their credit ratings
Fitch says big 4 NZ banks' strong operating profitability relative to international peers likely to continue, supported by strong franchises and pricing power
4th Apr 19, 10:01am
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Fitch says big 4 NZ banks' strong operating profitability relative to international peers likely to continue, supported by strong franchises and pricing power
David Hargreaves expresses reservations about Fonterra's efforts to turn itself around
26th Mar 19, 8:08am
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David Hargreaves expresses reservations about Fonterra's efforts to turn itself around
US equity markets have lifted, while bond yields have consolidated yesterday’s drop after testing even lower levels; US dollar has recovered with major indices back to where they were pre-Fed; NZD pushed above 0.6900
22nd Mar 19, 8:10am
US equity markets have lifted, while bond yields have consolidated yesterday’s drop after testing even lower levels; US dollar has recovered with major indices back to where they were pre-Fed; NZD pushed above 0.6900
Fonterra's new chief executive says the co-operative needs to put New Zealand 'front and centre' and extract the maximum value from milk produced here
20th Mar 19, 8:49am
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Fonterra's new chief executive says the co-operative needs to put New Zealand 'front and centre' and extract the maximum value from milk produced here
Ratings agency S&P Global says while the global economy is more leveraged that it was at the time of the GFC the likelihood of a widespread investor exodus is contained
14th Mar 19, 9:52am
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Ratings agency S&P Global says while the global economy is more leveraged that it was at the time of the GFC the likelihood of a widespread investor exodus is contained
The new leadership of Fonterra will need to demonstrate at next week's half-year result announcement that they are getting a handle on the giant dairy co-operative's many problems and issues
11th Mar 19, 3:35pm
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The new leadership of Fonterra will need to demonstrate at next week's half-year result announcement that they are getting a handle on the giant dairy co-operative's many problems and issues
Ratings agency Fitch says Fonterra has structural issues it needs to address; expects Fonterra to prioritise the strength of its balance sheet over payments to farmer shareholders; Hurrell gets Fonterra CEO job permanently
5th Mar 19, 10:09am
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Ratings agency Fitch says Fonterra has structural issues it needs to address; expects Fonterra to prioritise the strength of its balance sheet over payments to farmer shareholders; Hurrell gets Fonterra CEO job permanently
Fitch Ratings lowers the outlook on BNZ's credit rating to 'negative' from 'stable' following similar action on parent NAB
22nd Feb 19, 7:33am
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Fitch Ratings lowers the outlook on BNZ's credit rating to 'negative' from 'stable' following similar action on parent NAB
Mauldin Economics' Robert Ross argues the corporate debt bubble is strikingly similar to the subprime mortgage bubble
11th Feb 19, 12:16pm
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Mauldin Economics' Robert Ross argues the corporate debt bubble is strikingly similar to the subprime mortgage bubble
ANZ NZ prices five-year covered bond issue at 33 basis points over euro swap rate
4th Feb 19, 2:56pm
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ANZ NZ prices five-year covered bond issue at 33 basis points over euro swap rate
Markets optimistic on positive signs in US-China trade discussions, further policy tweaks by China, more positive Brexit smoke signals, and Trump signing bill to reopen the US government
28th Jan 19, 7:51am
Markets optimistic on positive signs in US-China trade discussions, further policy tweaks by China, more positive Brexit smoke signals, and Trump signing bill to reopen the US government
Against the backdrop of the RBNZ's review of bank capital requirements, Gareth Vaughan details the nitty-gritty of the RBNZ proposals & what they might mean for bank customers
24th Jan 19, 5:00am
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Against the backdrop of the RBNZ's review of bank capital requirements, Gareth Vaughan details the nitty-gritty of the RBNZ proposals & what they might mean for bank customers
Fitch sees Auckland continuing to record lower house price growth than other NZ regions this year with price falls likely
16th Jan 19, 4:49pm
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Fitch sees Auckland continuing to record lower house price growth than other NZ regions this year with price falls likely
RBNZ bank capital proposals go well beyond the international norm, are highly conservative & positive for banks' credit profiles, Fitch says
19th Dec 18, 9:56am
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RBNZ bank capital proposals go well beyond the international norm, are highly conservative & positive for banks' credit profiles, Fitch says
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
5th Dec 18, 9:35am
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
Fitch Ratings says a sharp housing market correction remains a possibility but slowing house price growth has dampened the risks of that occurring
30th Nov 18, 9:50am
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Fitch Ratings says a sharp housing market correction remains a possibility but slowing house price growth has dampened the risks of that occurring
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
23rd Nov 18, 5:08pm
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
US dollar has pushed higher across the board, arresting its slide over the past week; plunge in oil prices continues; NZD opens this morning close to its overnight lows around 0.6810; US interest rates traded a narrow range
21st Nov 18, 7:43am
US dollar has pushed higher across the board, arresting its slide over the past week; plunge in oil prices continues; NZD opens this morning close to its overnight lows around 0.6810; US interest rates traded a narrow range
Equity markets oscillated around flat before pressing lower, likewise US yields; oil prices have recovered a small amount of recent heavy losses; NZD is at the top of the G10 leader board
15th Nov 18, 7:54am
Equity markets oscillated around flat before pressing lower, likewise US yields; oil prices have recovered a small amount of recent heavy losses; NZD is at the top of the G10 leader board