DR - Rate Changes

Marac cuts rates after boost from rating watch positive

Sunday 26th of September 2010

Marac cut interest rates on debentures across almost all the terms as the finance company prepares to get a rating upgrade from Standard & Poor's. The rating agency placed Marac's BB+ rating on CreditWatch Positive after the company announced it has signed a binding merger agreement with CBS Canterbury and Southern Cross Building Society that will eventually lead to the entity becoming a ba...

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