Mortgage News

House prices growing risk for banks – S&P

Tuesday 23rd of August 2016

Standard & Poors announced they have left their ratings of New Zealand banks unchanged – despite concerns about the country’s rampant housing market.

But strong house price inflation, coupled with an increase in private sector credit growth, has made for increased economic risks for the banks in the view of the ratings agency.

Standard & Poors analyst Nico DeLange said the...

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