
News
S&P gives first building society rating
Thursday 27th of August 2009
SCBS, which has been operating since 1923, is the first building society in New Zealand to be rated by Standard & Poor's.
The ratings on SCBS partly reflect S&P's opinion of the concentration of SCBS's customers in the higher-risk sectors of rural and commercial lending. "Furthermore, in the current economic environment, there has been an increase in SCBS's nonperfo...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read