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Credit Rating

Following serious governance issues at Tauranga City Council and the appointment of Crown commissioners, S&P have cut their credit rating by one notch
15th Jan 21, 4:55pm
by admin
15
Following serious governance issues at Tauranga City Council and the appointment of Crown commissioners, S&P have cut their credit rating by one notch
Auckland Mayor Phil Goff says the Government should give Auckland Council the GST revenue it makes from rates paid by Aucklanders
22nd Feb 19, 9:32am
23
Auckland Mayor Phil Goff says the Government should give Auckland Council the GST revenue it makes from rates paid by Aucklanders
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
30th Aug 18, 3:22pm
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
Interest rate premiums don't always account for the added risks faced when you buy junk bonds for yield. Ignoring those risks could be costly
1st May 18, 11:14am
by Guest
Interest rate premiums don't always account for the added risks faced when you buy junk bonds for yield. Ignoring those risks could be costly
Kiwibank's chairman Rob Morrison and his deputy Rhoda Phillippo both resigning
10th Apr 17, 10:36am
Kiwibank's chairman Rob Morrison and his deputy Rhoda Phillippo both resigning
Moody's sees risk in our banking sector, but likes NZ set a surplus target and achieved it. Resilience, proactive institutions, and fiscal strength all help us keep Aaa
26th Mar 17, 6:08pm
by admin
3
Moody's sees risk in our banking sector, but likes NZ set a surplus target and achieved it. Resilience, proactive institutions, and fiscal strength all help us keep Aaa
Both Moody's and Standard & Poor's have dropped their ratings a notch for the state-controlled bank following its ownership shuffle
1st Mar 17, 1:51pm
Both Moody's and Standard & Poor's have dropped their ratings a notch for the state-controlled bank following its ownership shuffle
A.M. Best places Tower's credit rating under review pending its sale to Fairfax Financial Holdings; Says it will consider the extent of Fairfax’s 'financial support' to determine a rating
17th Feb 17, 1:58pm
4
A.M. Best places Tower's credit rating under review pending its sale to Fairfax Financial Holdings; Says it will consider the extent of Fairfax’s 'financial support' to determine a rating
Westpac Banking Corp offers minimum of NZ$250 mln of 'complex financial products not suitable for many investors' to Kiwi ma and pa retail investors
27th Jul 16, 8:00am
17
Westpac Banking Corp offers minimum of NZ$250 mln of 'complex financial products not suitable for many investors' to Kiwi ma and pa retail investors
S&P affirms NZ's AA credit rating citing our 'resilient economy' but sees downside with high household and diary farm debt
22nd Mar 16, 3:03pm
3
S&P affirms NZ's AA credit rating citing our 'resilient economy' but sees downside with high household and diary farm debt
S&P drops Fonterra long-term rating to 'A-' from 'A' and its short-term rating to 'A-2' from 'A-1'; industry 'volatility' blamed
14th Oct 15, 3:58pm
2
S&P drops Fonterra long-term rating to 'A-' from 'A' and its short-term rating to 'A-2' from 'A-1'; industry 'volatility' blamed
Fitch holds its rating because Fonterra has scale, and the defensive characteristics of its ingredients business
30th Aug 14, 6:12pm
by Guest
Fitch holds its rating because Fonterra has scale, and the defensive characteristics of its ingredients business
Standard & Poor's lowers Fonterra's credit rating because of a new "financial risk appetite that is more aggressive than what we had factored into the previous ... rating"
30th Aug 14, 5:48pm
by Guest
5
Standard & Poor's lowers Fonterra's credit rating because of a new "financial risk appetite that is more aggressive than what we had factored into the previous ... rating"
Credit ratings agency Standard & Poor's affirms NZ Post and Kiwibank's A+/A-1 rating but keeps the outlook at 'negative'
12th Nov 13, 3:45pm
Credit ratings agency Standard & Poor's affirms NZ Post and Kiwibank's A+/A-1 rating but keeps the outlook at 'negative'
Standard & Poor's says it has downgraded the Christchurch council's ratings due to 'significant issues' around the building consents process
8th Jul 13, 4:58pm
7
Standard & Poor's says it has downgraded the Christchurch council's ratings due to 'significant issues' around the building consents process
Fitch affirms NZ's sovereign credit rating at AA; sees Govt unlikely to meet target of budget surplus of 2014/15; sees surplus more likely in 2015/16; not a problem for rating
11th Sep 12, 9:02pm
3
Fitch affirms NZ's sovereign credit rating at AA; sees Govt unlikely to meet target of budget surplus of 2014/15; sees surplus more likely in 2015/16; not a problem for rating
Standard and Poor's holds NZ's credit rating with stable outlook; Warns of pressure if external imbalances keep deteriorating; Says high debt might see investors exit NZ$
3rd Aug 12, 3:17pm
8
Standard and Poor's holds NZ's credit rating with stable outlook; Warns of pressure if external imbalances keep deteriorating; Says high debt might see investors exit NZ$
NZ Post says Kiwibank growth will place increasing demands on credit rating; Wants to keep rating for 3-5 yr minimum
14th Feb 12, 4:04pm
1
NZ Post says Kiwibank growth will place increasing demands on credit rating; Wants to keep rating for 3-5 yr minimum
S&P downgrades Broadlands Finance's credit rating from B to CCC, and warns of possible further downgrade following decision to cease debenture funding
24th Nov 11, 3:18pm
1
S&P downgrades Broadlands Finance's credit rating from B to CCC, and warns of possible further downgrade following decision to cease debenture funding
Contact Energy sets minimum 8% coupon on sale of 2042 bonds
23rd Nov 11, 11:44am
1
Contact Energy sets minimum 8% coupon on sale of 2042 bonds
Contact Energy to offer NZ$150 mln of capital bonds issue to retail investors with at least an 8.00% coupon
10th Nov 11, 1:13pm
by Kevin Mitchelson
Contact Energy to offer NZ$150 mln of capital bonds issue to retail investors with at least an 8.00% coupon
Reserve Bank says NZ credit rating downgrades reinforce need for govt fiscal consolidation; Supports bid for surplus
10th Nov 11, 9:09am
20
Reserve Bank says NZ credit rating downgrades reinforce need for govt fiscal consolidation; Supports bid for surplus
Contact Energy to seek NZ$150 mln from capital bond issue to retail investors
2nd Nov 11, 11:53am
1
Contact Energy to seek NZ$150 mln from capital bond issue to retail investors
Key stands behind comment that S&P more likely to downgrade Labour govt than National; Says received comment in email from 'source'
10th Oct 11, 4:17pm
30
Key stands behind comment that S&P more likely to downgrade Labour govt than National; Says received comment in email from 'source'
Labour waiting for pre-election fiscal update before announcing savings policy, Cunliffe says; Will it include some form of compulsory KiwiSaver?
10th Oct 11, 9:38am
1
Labour waiting for pre-election fiscal update before announcing savings policy, Cunliffe says; Will it include some form of compulsory KiwiSaver?