Wellington, Nov 26 NZPA - South Canterbury Finance Ltd chief executive Lachie McLeod is leaving the finance company, shareholders were told at the annual meeting in Timaru today.

Wellington, Aug 14 NZPA - The downgrade of South Canterbury Finance's credit rating to junk grade by Standard & Poor's will trigger a review of a $US100 ($NZ149) million private placement facility in the US.

Wellington, Aug 13 NZPA - South Canterbury Finance has had its credit rating cut to a non-investment, or junk, grade by Standard & Poor's.

Wellington, July 3 NZPA - Shareholder and chairman Allan Hubbard is putting $40 million of new capital into South Canterbury Finance and will provide further support if required.

Wellington, Aug 25 NZPA - South Canterbury Finance is reporting a 22 percent rise in total assets to $2 billion, " following a solid performance in a difficult operating year".

Wellington, June 17 NZPA - South Canterbury Finance has closed its secured bond issue, raising $125 million which included $50 million of oversubscriptions. Strong support from across the investment sector had resulted in the offer closing fully subscribed, the company said today.