
Mortgage News
S&P, Moodys downgrade Kiwibank’s rating

Wednesday 1st of March 2017
Once 100% owned by NZ Post, as of late last year Kiwibank is now owned by NZ Post, ACC and the NZ Super Fund.
Today’s move from the credit agencies was prompted by the expiry of an unconditional guarantee on Kiwibank’s payment options from its majority owner, NZ Post.
S&P has lowered the long-term issuer credit rating on Kiwibank to 'A' from 'A+' and affirmed the short-term is...
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