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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