
News
Hanover's rating reconfirmed
Monday 21st of April 2008
Fitch says Hanover Finance accounts for around 70% of the parent company's assets and 65% of its revenues. It says Hanover Finance has a "solid position in New Zealand's non-bank financial institutions sector," and acknowledges its "relatively small size and exposure to higher-risk property development and investment finance"."Although Hanover Finance has a healthy appetite for risk, it has i...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read