News

Vision put into the high risk category

Friday 26th of February 2010

Mezzanine property-development financier Vision Securities has been assigned a B rating by S&P and been put onto a negative outlook.

 

"Our ratings on VSL reflect its business profile as a New Zealand mezzanine property-development financier," Standard & Poor's credit analyst Peter Sikora said. "We regard this as a high-risk lending category. The ratings also reflect...

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