Mortgage News

Kiwibank outlook downgraded

Wednesday 22nd of May 2013

It blamed rising economic risks that could affect the bank’s credit standing.

S&P said it had affirmed its ``A+/A-1'' corporate credit and related debt ratings on NZ Post and KiwiBank.

But it said:  “At the same time, we revised the outlook on the long-term ratings for both entities to negative from stable.”

It has recently downgraded the outlooks of eight other le...

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