GEN - Equifax reaffirms General Finance Limited's BB rating

Thursday 25th July 2024

General Capital Limited is pleased to advise that global credit rating agency Equifax Australasia Credit Rating Pty Ltd (Equifax) has reaffirmed the financial strength rating of General Capital’s 100% owned subsidiary, General Finance Limited, as BB with a stable outlook after completing its annual review.

The rating reflects General Finance’s increased scale and healthy earnings, sound capital and funding profile.

General Capital’s Chairman, Mr Rewi Bugo welcomes the confirmation from Equifax, saying this outcome recognises General Finance’s continued strong growth and earnings despite the challenging macro-economic environment.

“This acknowledges General Finance is in a strong position to continue delivering on our strategy to achieve long term growth and is well positioned to navigate the changing regulatory landscape.” says Mr Bugo.

Mr. Brent King, Managing Director said “we continue to notice that investors are taking credit ratings into account more often when they consider making an investment in Secured Term Deposits. The current market makes it critical for investors to review credit ratings when making an investment decision.”

ENDS

Equifax reaffirms General Finance Limited’s BB rating

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