S&P downgrades big four NZ banks
"Amplified risk of sharp correction" in house prices, says rating agency.
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Rich List
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
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Jenny Ruth
Fri, 14 Aug 2015
Fri, 14 Aug 2015
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S&P downgrades big four NZ banks
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