Kiwibank Rating Outlook Changes

Wednesday, 1 February 2012, 10:04 am
Press Release: Kiwibank

S&P AFFIRMS KIWIBANK RATING – CHANGES OUTLOOK

Kiwibank’s credit rating has been confirmed at AA- by international credit rating agency Standard & Poor’s. This is the same rating as the Australian-owned banks operating in New Zealand. However, the outlook for the bank has been amended from stable to negative.

Kiwibank Chief Executive Paul Brock said the change in the rating outlook follows a review of the credit rating of Kiwibank’s owner, New Zealand Post.

“New Zealand Post’s rating has been affirmed as AA- but with a negative outlook. This is automatically passed through to Kiwibank,” Mr Brock said.

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BUDGET 2012:
Parliament Debate Live - Video Of Budget 2011
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BUDGET 2012 - FULL COVERAGE: Reports / Analysis - Press Kit - Reaction (from everybody) - Previews (from everybody) - Pre-Budget Announcements

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