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S&P says rating assumed Hubbard support

South Canterbury Finance (SCF), which went into receivership last month, enjoyed a steady credit rating from Standard & Poor's because the agency had factored in some expectation that fresh capital would come in from its principal shareholder, Alan

Jamie Gray
Fri, 17 Sep 2010

South Canterbury Finance (SCF), which went into receivership last month, enjoyed a steady credit rating from Standard & Poor’s because the agency had factored in some expectation that fresh capital would come in from its principal shareholder, Alan Hubbard.

As SCF’s receivership drew closer, the

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Jamie Gray
Fri, 17 Sep 2010
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S&P says rating assumed Hubbard support
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