Moody’s surprised at banks’ low provisioning for bad dairy loans

A Moody's Investor Service analyst, Daniel Yu, says he had expected banks' provisioning for deteriorating dairy loans to be higher than it is. With special feature audio.

Jenny Ruth
Mon, 08 Aug 2016

Moody’s Investor Service is surprised New Zealand’s major banks have made so little provisions for deteriorating dairy loans so far.

The ratings agency says the banks are telling it dairy farmers have the capacity to cut costs even further than they already have, confirming other reports.

Dairy

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