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Credit Ratings

Moody's cuts ratings for NAB, CBA, Westpac, ANZ to Aa2 from Aa1 due to exposure to wholesale markets; NZ units still on review for downgrade
18th May 11, 6:03pm
Moody's cuts ratings for NAB, CBA, Westpac, ANZ to Aa2 from Aa1 due to exposure to wholesale markets; NZ units still on review for downgrade
Rabobank NZ issues NZ$100 million worth of 7-year bonds to retail investors
11th May 11, 3:13pm
Rabobank NZ issues NZ$100 million worth of 7-year bonds to retail investors
Companies with NZ$1.7b covered by the extended Crown retail guarantee confident they can wean themselves off it
18th Apr 11, 4:31pm
Companies with NZ$1.7b covered by the extended Crown retail guarantee confident they can wean themselves off it
Fitch says big 4 banks asset quality, capitalisation, profitability still strong, but wary of wholesale funding dependence
18th Apr 11, 2:10pm
Fitch says big 4 banks asset quality, capitalisation, profitability still strong, but wary of wholesale funding dependence
Rabobank issues NZ$250 million worth of seven-year floating rate notes
14th Apr 11, 4:15pm
Rabobank issues NZ$250 million worth of seven-year floating rate notes
Former Geneva Finance manager Stephen Wilkinson replaces Rudi Kats as Broadlands Finance CEO
13th Apr 11, 4:36pm
Former Geneva Finance manager Stephen Wilkinson replaces Rudi Kats as Broadlands Finance CEO
Genesis seeks up to NZ$275 mln from equity 'junk' bond issue to help fund NZ$821 mln purchase of Tekapo power stations from Meridian
8th Apr 11, 8:46am
13
Genesis seeks up to NZ$275 mln from equity 'junk' bond issue to help fund NZ$821 mln purchase of Tekapo power stations from Meridian
BNZ issues NZ$300 million of covered bonds in private placement after unsolicited investor interest
5th Apr 11, 4:31pm
6
BNZ issues NZ$300 million of covered bonds in private placement after unsolicited investor interest
New Zealand Association of Credit Unions, keen to attract new members, says 'we treat customers better than banks do'
5th Apr 11, 12:31pm
2
New Zealand Association of Credit Unions, keen to attract new members, says 'we treat customers better than banks do'
Combined Building Society sees no material financial impact from Christchurch earthquake
1st Apr 11, 11:00am
Combined Building Society sees no material financial impact from Christchurch earthquake
Christchurch City Council in NZ$40 mln debt raising at 18 basis points higher than recent Dunedin raising
31st Mar 11, 11:09am
3
Christchurch City Council in NZ$40 mln debt raising at 18 basis points higher than recent Dunedin raising
Moody's says Reserve Bank's rules on resolving bank failure could pressure bank credit ratings
22nd Mar 11, 10:49am
6
Moody's says Reserve Bank's rules on resolving bank failure could pressure bank credit ratings
Sparse information released on Geneva debt-for-equity proposal as noteholder attacks 'gravy train'
18th Mar 11, 7:04pm
2
Sparse information released on Geneva debt-for-equity proposal as noteholder attacks 'gravy train'
S&P review of its sovereign credit rating methodology - on its own - 'shouldn't see NZ downgraded'
18th Mar 11, 4:14pm
3
S&P review of its sovereign credit rating methodology - on its own - 'shouldn't see NZ downgraded'
Geneva says 3rd capital reconstruction in four years needed to meet capital regulations and overcome 3 year old bad loans
15th Mar 11, 10:14am
1
Geneva says 3rd capital reconstruction in four years needed to meet capital regulations and overcome 3 year old bad loans
NZF Money boss says no cash crunch at finance co despite S&P fears and banks' reluctance to lend
4th Mar 11, 4:27pm
NZF Money boss says no cash crunch at finance co despite S&P fears and banks' reluctance to lend
SOE Genesis' bond offer delayed as S&P mulls classifying them as equity ahead of potential government sell down
3rd Mar 11, 4:09pm
SOE Genesis' bond offer delayed as S&P mulls classifying them as equity ahead of potential government sell down
S&P cuts NZF Money credit rating 2 notches to CCC, warns it could drop to D if loan repayments are delayed
3rd Mar 11, 1:03pm
S&P cuts NZF Money credit rating 2 notches to CCC, warns it could drop to D if loan repayments are delayed
Auckland Council wants to borrow in foreign currencies to cut its loan costs and gain longer term funding
1st Mar 11, 4:53pm
14
Auckland Council wants to borrow in foreign currencies to cut its loan costs and gain longer term funding
ANZ, Kiwibank figures reinforce that big banks past due assets remain stubbornly high
28th Feb 11, 4:22pm
1
ANZ, Kiwibank figures reinforce that big banks past due assets remain stubbornly high
Standard & Poor's ratings revamp could see New Zealand bank credit ratings downgraded
25th Feb 11, 4:12pm
3
Standard & Poor's ratings revamp could see New Zealand bank credit ratings downgraded
Entities with major Canterbury exposure at most risk of downgrade after Christchurch earthquake, S&P says
25th Feb 11, 12:28pm
1
Entities with major Canterbury exposure at most risk of downgrade after Christchurch earthquake, S&P says
Standard and Poor's says NZ sovereign credit rating not immediately affected by earthquake, will monitor situation
25th Feb 11, 12:27pm
Standard and Poor's says NZ sovereign credit rating not immediately affected by earthquake, will monitor situation
Westpac puts 1 billion euro covered bond issue on ice blaming Middle East turmoil
24th Feb 11, 4:26pm
1
Westpac puts 1 billion euro covered bond issue on ice blaming Middle East turmoil
Standard and Poor's says earthquake will erode insurers' earnings, but ratings well supported; warns of rising premiums and reinsurance costs
24th Feb 11, 12:13pm
3
Standard and Poor's says earthquake will erode insurers' earnings, but ratings well supported; warns of rising premiums and reinsurance costs