Ratings agency S&P is wary of pressure on post business.
Wed, 02 Oct 2019
The credit rating of state-owned postal service company NZ Post is under threat after a poor financial result and a reclassification of its $200 million debt by Standard & Poor’s.
NZ Post, which owns 53% of Kiwibank, last week reported a net loss of $121m for the year to June after writing
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