
Mortgage News
S&P sounds warning to some lenders
Friday 17th of May 2013
S&P says New Zealand’s economic vulnerabilities, including a material dependence on external borrowings, persistent current account deficits, and recent strong growth in house prices, could escalate.
“In our view, this increases the risk of a deterioration in New Zealand financial institutions’ credit qualities.”
It says it may lower the institutions on negative outlook by one...
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