S&P: NZ banks should weather housing, dairy price threats

S&P says soaring house prices and plummeting dairy prices pose a threat to New Zealand banks but they're unlikely to affect their credit ratings. With special audio feature.

Jenny Ruth
Tue, 23 Feb 2016

International ratings agency Standard & Poor’s says New Zealand banks probably won’t be hurt by soaring house prices and plummeting dairy prices.

A report from the agency acknowledges these two factors are a potential threat, though.

S&P credit analyst Nico de Lange says the agency’s base case is

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