Avanti Finance Ltd. Aug 12
Standard & Poors, August 2012
Abstract
Prudent dividend policy and good earnings, which support a high capital ratio Demonstrated stability in key asset quality and earnings metrics Supportive debenture investor base with high reinvestment rates Dependence on banker confidence to fund growing loan book Inherently higher-risk loan portfolio from lending to lower socioeconomic classes Key-person risk in co-owner manager organization structure The rating on Avanti Finance Ltd. (Avanti) reflects the New Zealand finance company's prudent dividend policy and good earnings, demonstrated stability in key asset quality and earnings metrics, and supportive debenture investor base with high reinvestment rates. Moderating the strengths are: Avanti's dependence on banker confidence to fund growing loan book and inherently higher-risk loan portfolio from lending to lower socioeconomic classes. In addition, Avanti...
Companies mentioned in this report are: Avanti Finance Ltd.
Action: Review
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
Avanti Finance Ltd.
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