Friday 1st April 2011 1 Comment |
Text too small? |
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
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER