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Outlook for NZ banking system stable, says Moody's

Outlook for NZ banking system stable, says Moody's
Wellington, Sept 21 NZPA - Moody's Investors Service says the outlook for the New Zealand banking system is stable, reflecting the country's steady recovery from a mild recession and improved GDP growth.

Moody's sees only limited quake impact on banks, insurers

Moody's sees only limited quake impact on banks, insurers
Wellington, Sept 9 NZPA - The magnitude 7.1 earthquake in Christchurch on Saturday will not rock banks in New Zealand as their exposure to the city is on average around 10 percent, said Moody's Investors Service.

Moody's says NZ banks reliant on wholesale funding

Wellington, June 9 NZPA - Moody's Investors Service says New Zealand banks remain resilient, but rely more than other banks on wholesale funding.

BNZ new $3 billion bonds programme positive - Moody's

BNZ new $3 billion bonds programme positive - Moody's
Wellington, June 8 NZPA - The Bank of New Zealand's new $3 billion bond programme is positive for the bank and the country's banking system as it widens the wholesale funding available, credit rating agency Moody's said today.

NZ Banks Source Funding Via Australian Parents

NZ Banks Source Funding Via Australian Parents
Wellington, Nov 3 NZPA - The four Australian-owned banks in New Zealand are sourcing as much as 10 percent of their wholesale funding directly through their parents in related party funding.

Moody's Sees No Need To Change NZ Banks' Ratings

Moody's Sees No Need To Change NZ Banks' Ratings
Wellington, Oct 23 NZPA - Moody's Investors Services has reviewed New Zealand's rated banks and decided no change is needed to their ratings. Moody's looked at the banks' capacity to withstand credit losses under both a base case and a severe stress case.

Moodys Sees Challenges For NZ Banks

Moodys Sees Challenges For NZ Banks
Wellington, Aug 13 NZPA - The New Zealand banking system is sound but its outlook continues to be negative, Moody's Investors Service said. The credit rating company was commenting on the release of its report is entitled Banking System Outlook: New Zealand.

Moody's Agrees Tax Liabilities Unlikely To Hurt NZ Banks

Moody's Agrees Tax Liabilities Unlikely To Hurt NZ Banks
Wellington, July 21 NZPA - A second credit ratings agency has said that potential tax payments worth hundreds of millions of dollars would be unlikely to pressure New Zealand banks' ratings.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.