News

Standard & Poor’s lowers Broadlands Finance credit rating

Thursday 9th of December 2010

Broadlands Finance has had its long-term counterparty credit rating reduced from 'B' to 'BB-/B&' by Standard & Poor's and its outlook held on negative, with ratings analyst Peter Sikora citing Broadlands "weak liquidity position, vulnerable funding profile and high-risk loan portfolio."

"In our view, Broadland's credit losses have been fairly well managed to date, but its credit...

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