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FE Investments gets ratings boost on capital raise

Friday 4th of October 2019

Non-bank deposit taker, FE Investments has had its ratings reaffirmed following a capital raise by its parent company.

FEI's parent, FE Investments Group, has been strengthened with the recent injection of A$3.3 million in ordinary shares. Ratings agency S&P now apply lower risk weights to FEI's credit exposures in New Zealand reflecting its view that lenders in New Zealand...

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