Credit Ratings
Auckland Council says the economic fallout from COVID-19 is threatening its ability to deliver a balanced budget and comply with its debt to revenue ratio policy
17th Apr 20, 9:34am
24
Auckland Council says the economic fallout from COVID-19 is threatening its ability to deliver a balanced budget and comply with its debt to revenue ratio policy
S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
8th Apr 20, 5:20pm
2
S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
8th Apr 20, 7:58am
40
Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
2nd Apr 20, 3:28pm
32
Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
1st Apr 20, 8:35am
12
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
Expansionary monetary policies brings a huge issuance of lower grade corporate debt, up +US$2.1 tln in 2019 to US$13.5 tln as credit quality withers further
19th Feb 20, 10:51am
3
Expansionary monetary policies brings a huge issuance of lower grade corporate debt, up +US$2.1 tln in 2019 to US$13.5 tln as credit quality withers further
S&P comfortable with Govt upping debt as economic growth eases; Economists see less need for OCR cuts; Construction sector wants detail on infrastructure spend so it can gear up; National unhappy with deficit forecast for 2020
11th Dec 19, 5:09pm
33
S&P comfortable with Govt upping debt as economic growth eases; Economists see less need for OCR cuts; Construction sector wants detail on infrastructure spend so it can gear up; National unhappy with deficit forecast for 2020
Gareth Vaughan says should the proverbial hit the fan, the public, the regulator and the regulated banks will probably all be glad the RBNZ is increasing banks' regulatory capital requirements
9th Dec 19, 4:00pm
7
Gareth Vaughan says should the proverbial hit the fan, the public, the regulator and the regulated banks will probably all be glad the RBNZ is increasing banks' regulatory capital requirements
ANZ Banking Group CEO says parent of New Zealand's biggest bank confident of meeting higher capital requirements without the need to raise additional capital
6th Dec 19, 7:55am
11
ANZ Banking Group CEO says parent of New Zealand's biggest bank confident of meeting higher capital requirements without the need to raise additional capital
Credit Union Baywide acquires Co-op Money NZ saying the industry association for member owned credit unions will continue providing its services to credit unions and non-credit unions
22nd Nov 19, 9:48am
5
Credit Union Baywide acquires Co-op Money NZ saying the industry association for member owned credit unions will continue providing its services to credit unions and non-credit unions
Auckland Mayor Phil Goff will have his work cut out as his second term kicks off with plenty on the agenda
1st Nov 19, 10:14am
3
Auckland Mayor Phil Goff will have his work cut out as his second term kicks off with plenty on the agenda
Auckland Council comfortable with debt levels but says debt will continue increasing over the next few years due to the city’s ongoing growth and capital expenditure requirements
27th Sep 19, 3:45pm
27
Auckland Council comfortable with debt levels but says debt will continue increasing over the next few years due to the city’s ongoing growth and capital expenditure requirements
S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment
23rd Sep 19, 9:55am
8
S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment
Banks whose business models and lending policies fail to adapt to climate change risk could see their creditworthiness deteriorating quickly in case of rapid climate change, S&P says
11th Sep 19, 9:37am
1
Banks whose business models and lending policies fail to adapt to climate change risk could see their creditworthiness deteriorating quickly in case of rapid climate change, S&P says
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
14th Aug 19, 9:32am
13
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
Fonterra is now planning to sell part of its ill-starred investment in China's Beingmate on-market having failed to find a buyer for the whole 18.8% stake
7th Aug 19, 10:26am
18
Fonterra is now planning to sell part of its ill-starred investment in China's Beingmate on-market having failed to find a buyer for the whole 18.8% stake
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
3
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
6
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
27
'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
2
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
18
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
1
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
5
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