- Language: English
- Published: January 2013
- Region: World
Ratings On Housing New Zealand Corp. And Housing New Zealand Ltd. Removed From CreditWatch, Outlook Revised To Stable Nov 11
- Published: November 2011
- Standard & Poors
MELBOURNE (Standard & Poor's) Nov. 25, 2011--Standard & Poor's Ratings Services said today that it has removed its 'AA+' local currency and 'AA' foreign currency long-term issuer credit ratings on Housing New Zealand Corp. (HCNZ) and HCNZ's subsidiary, Housing New Zealand Ltd., from Credit Watch with negative implications, where they were placed on Oct 6. 2011. The ratings are affirmed, and the outlooks are stable. The removal of the CreditWatch reflects our expectation that HNZC will remain "critical" to the government as the primary social housing provider in New Zealand, while other aspects of its role will continue to evolve. While work is being undertaken to develop ways in which third-party providers can play a bigger role in the delivery...
Companies mentioned in this report are: Housing New Zealand Corp.
Action: Outlook: Stable
Action: Removed From CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Housing New Zealand Corp.
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