F&P Appliances subsidiary maintains rating

Friday 1st April 2011 1 Comment

Fisher & Paykel Appliances Holdings says wholly-owned subsidiary Fisher & Paykel Finance maintained a BB long term issuer credit rating with a stable outlook from Standard & Poor's Rating Services.

S&P had noted the company's good market position within the New Zealand finance segment, diversified customer base of personal borrowers and good risk management as strengths, Appliances said today.

Finance group managing director Alastair Macfarlane said the rating announcement would provide assurance for the market and give confidence to investors.

Many of the investors were making investment decisions for beyond December 31 this year, when the Crown's extended deposit guarantee scheme ends.

"With our solid credit standing and commercial integrity we would like to attract new investors who can be sure of our commitment to offering first ranking secured debentures at competitive rates," Macfarlane said.

NZPA

Comments from our readers

On 2 April 2011 at 2:22 pm Betty Belcher said:

As an investor I am more than happy with the credit standing of F&P, but most of all the commercial INTEGRITY and very prompt payments of interest I have received so far. Thank you F & P Finance.