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Broadlands Finance Limited is pleased to announce that it has secured a BB- long term issuer rating (with negative outlook) from international credit rating agency Standard & Poor's. The short term credit rating is B.
Standard & Poor's define their BB long term issuer credit rating as - An obligor rated BB is less vulnerable to non payment than other speculative issues. However it faces ongoing uncertainties or exposure to adverse business, financial or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation.
The Reserve Bank of New Zealand has also published some helpful information on credit ratings. Please click here to download the publication.
Highlights from the 30 September 2009 half year end results -
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