Sharechat Logo

General Capital (GEN) Announces BB Credit Rating Retained

Thursday 4th May 2023

Text too small?

General Capital Limited (GEN:NZ), the listed financial services group, has today announced that its wholly owned subsidiary, General Finance Limited, has had its Credit Rating confirmed by the International Credit Rating Agency, Equifax Australasia Credit Rating Pty Ltd.

 

The Managing Director, Brent King, advised, "We normally get a credit rating review completed every 6 months after our results are released to the market. In response to the recent adverse developments in world banking markets, Equifax initiated a ratings review process of the industry”.

 

Equifax has advised General Finance “that based on the responses and feedback provided, we have determined that General Finance's Credit Rating and the outlook as issued currently remain unchanged."

 

Brent King said, "This is great news for investors. We have managed to retain our BB Credit Rating with a stable outlook even in these very unusual times. This is defined as being near prime with a low to moderate risk."

 

The Chair of the parent company General Capital, Mr. Rewi Bugo, stated, "We had a very positive 2022. General Capital worked hard to assist General Finance by providing new capital and governance support. We are pleased to see this being recognised by the experts and also by our shareholders. Nobody can accurately predict the future; however, the General Capital Group has positioned itself well for the next stage."

 

We will announce our accounts to 31/3/23 by the 29th of May 2023.

 

For further information contact:

 

Brent King

Managing Director

General Capital Limited

+64 21 632 660

Brent.King@gencap.co.nz

 

3 May 2023

 

END



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

TRU - WHO Agency UNITAID Features TRU in Tech Landscape Report
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director