News
South Canterbury Finance gets S&P warning
Tuesday 7th of July 2009
Standard & Poor's (S&P) has completed its review of South Canterbury Finance (SCF) and left its rating at BBB- but put it on CreditWatch negative.
A BBB- is the lowest rating on the investment grade status and any downgrade would have significant implications for the company.
A CreditWatch negative status means that the rating could change and any change would be in a downward direction.
S&P says the negative listing implies a "one-in-two chance" of a rating downgrade in the next three months.
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