News
S&P downgrades, then upgrades Geneva
Tuesday 30th of March 2010
In a meeting in Auckland, some 98% of stock holders and 100% of note holders voted in favour of the revised repayment plan and amendments to the debenture trust deed. Under the terms of the new plan, debenture holders will have about half of their repayments deferred, while note holders will have their repayments put off until October.
Standard & Poor's cut the finance company's cred...
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