By Kent Atkinson of NZPA Wellington, July 24 NZPA - Massey University financial investment expert Chris Malone says it is a concern that the finance sector crisis has not been adequately addressed by the Government and the Reserve Bank.
The decision by credit agency Fitch Ratings to downgrade Hanover Finance's rating today, a day after the finance company announced it would default on interest payments, raises questions about the effectiveness of credit ratings to help investors.
Melbourne, June 11, NZPA - Marac Finance has been given a BBB- long-term rating by credit agency Standard and Poors. S&P also gave the finance company a short term rating of A-3 with a stable outlook.
By Simon Louisson of NZPA Wellington, May 7 NZPA - Alarm bells ringing at bellwether stock Briscoe Group may be a general warning for the economy.
By Simon Louisson of NZPA Wellington, May 7 NZPA - Economists said today even the Reserve Bank is getting nervous as economic alarm bells start to clang louder.
By Simon Louisson of NZPA Wellington, May 7 NZPA - Alarm bells ringing at bellwether stock Briscoe Group may be a general warning for the economy.
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