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New Zealand Association Of Credit Unions Dec 11
Standard & Poors, December 2011
Adequate capital and earnings position Supportive customer base and important role as a service provider to the New Zealand credit union sector Susceptibility of business franchise to industry consolidation and other service providers Exposure to high operating risks, relating to its management of the payments function for credit unions Our ratings on NZACU reflect the anchor stand-alone credit profile (SACP) for a financial institution operating only in New Zealand, plus NZACU's "weak" business position, "adequate" capital and earnings, "adequate" risk position, "below average" funding, and "adequate" liquidity. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor SACP, the starting point in assigning an ICR.-The anchor SACP for a bank operating only in...
Companies mentioned in this report are: New Zealand Assn. of Credit Unions,Credit Union Insurance Ltd.
Action: Various Rating Actions
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: Full Analysis
New Zealand Assn. of Credit Unions,Credit Union Insurance Ltd.