Sharechat Logo

UDC gets top fin coy rating

Depositrates.co.nz

Thursday 5th April 2007

Text too small?
UDC Finance has had its Standard and Poor's credit rating increased from an AA- to AA.

The AA credit rating is the highest of any New Zealand finance company accepting money from investors. S&P says it reflects the company’s material position within ANZ National, its strong brand and market profile, and good depth of senior management team.

“It’s a great result for us and our investors, as it acknowledges that we’re in a very strong position as we drive forward with a number of improvements to our business,” UDC General Manager Malcolm Tilbrook says.

Standard & Poor’s credit ratings are based on a comprehensive independent assessment of a company taking into account both business and financial risks. Ratings of BB and below are regarded as having significant speculative characteristics.

“A strong credit rating is a very good indicator of the certainty of your investment,” Tilbrook said.

To check and compare rates go to leading interest rate site www.depositrates.co.nz

  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:

Stanley-Tallwood liquidator cuts deal over KiwiBuild development
Stanley-Tallwood liquidator cuts deal over KiwiBuild development
RBNZ expected to keep OCR at 1% but leave door open to more easing
Watch for signs of domestic and global corporate health this week
ANALYSIS: Govt will have to pay up for high-rise and other construction
23rd September 2019 Morning Report
RBNZ needs more resources, not more powers: Bascand
NZ dollar hovers near 4-yr low after IMF says downside risks have increased
MARKET CLOSE: NZ shares gain; index reweighting drives heavy trading in Kiwi, Kathmandu
NZ dollar sags after avalanche of data and central bank action

IRG See IRG research reports