S&P downgrades big four NZ banks
"Amplified risk of sharp correction" in house prices, says rating agency.
International ratings agency Standard & Poor’s has down-graded the stand-alone credit ratings of the big four New Zealand banks because of risks related to rising house prices in Auckland and the weakening economy.
“The rating actions reflect our view that New Zealand financial institutions face
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Fri, 14 Aug 2015
Fri, 14 Aug 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
S&P downgrades big four NZ banks
50535