S&P finally delivers some good news

S&P has revised its outlook on Avanti Finance's rating from negative to stable, at the same time it confirmed its BB- long-term credit rating.

"The outlook revision reflects our view that Avanti will continue to successfully manage its asset quality and credit costs," Standard & Poor's credit analyst Peter Sikora said.

"This will underpin its ability to generate strong interest income and pay above-market returns to debenture investors, which will support its ability to manage its funding and liquidity,".

 "In our opinion, this in turn will ensure its debenture investors and group bankers remain confident and supportive."