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Sth Canterbury failure – ratings agencies' reaction

Ratings agencies Standard and Poor's and Fitch Ratings are relaxed about the government stepping in to prop up failed finance company, South Canterbury Finance, which called in the receivers this morning.

Jamie Gray
Tue, 31 Aug 2010

Ratings agencies Standard and Poor’s and Fitch Ratings are relaxed about the government stepping in to prop up failed finance company, South Canterbury Finance, which called in the receivers this morning.

Finance Minister Bill English said the upfront cost to the government of repaying South

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Jamie Gray
Tue, 31 Aug 2010
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