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Hanover reckons its rating to be BB
Wednesday 13th of September 2006
"There are still a lot of people leveraged to the second hand car market which you would expect hasn’t seen the bottom," he says. Hanover doesn’t lend in that market.But the four finance companies with $1 billion or more in assets, which includes Hanover, are in a much better position, he says.
While debenture sales through brokers is much slower, Hanover is still experience strong sale...
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