News

RB mum on who it has given exemptions too

Thursday 6th of August 2009

The Reserve Bank of New Zealand has excluded small non-bank deposit takers from requiring a credit rating as part of new prudential regulation, saying it would be unfair to enforce the regime on these companies.

Deposit takers with consolidated liabilities of less than $20 million won't need a mandatory credit rating from Fitch Ratings, Moody's Investor Services or Standard & Poor's...

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