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Credit Rating The creditworthiness of Fisher & Paykel Finance Limited was first rated by Standard & Poor’s Ratings Services (“S&P”) on 17 February 2010. The local currency (New Zealand dollar) long-term issuer credit rating assigned to us at that time was BB (Outlook Stable). S&P reaffirmed this rating on each of 30 March 2011 and 17 April 2012.
Pending the outcome of the takeover offer described under the "Announcements" tab of our website, S&P changed its outlook on us from “Stable” to “CreditWatch Positive”.
On 20 November 2012, S&P changed its rating of us from “BB (CreditWatch Positive)” to “BB+ (Outlook Stable)”. As at 23 November 2012 our local currency (New Zealand dollar) long-term issuer credit rating is:
BB+ (Outlook Stable)
The rating outlook assigned by S&P assesses the potential direction of a long-term credit rating over the intermediate term (typically six months to two years). A Stable Outlook means that a rating is not likely to change and reflects S&P’s expectation that our financial characteristics will remain stable in the medium term.
Other than those described above, there have been no other ratings assigned to Fisher & Paykel Finance Limited in the last two years.
The ratings assigned to us are statements of opinion issued by S&P, which is a rating agency approved under section 157J of the Reserve Bank of New Zealand Act 1989 (see www.standardandpoors.com). They are not statements of fact, an endorsement of Fisher& Paykel Finance Limited, or a recommendation to buy, hold or sell securities.
The ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
^ Please note that our Rates Calculator is only a guide and is not intended to offer any financial advice. Fisher & Paykel Finance is not to be held liable for any direct, special, incidental, indirect or consequential damages or monetary losses of any kind arising out of, or in connection with the use of this Rates Calculator. Please speak to an independent financial advisor for professional guidance. |