29 November 2009

Credit Rating Countdown and Poll

Most likely the next news about South Canterbury Finance will be the resolution of the CreditWatch, which is likely to result in another downgrade, although there is also a chance its present BB+ rating, with negative outlook, will be affirmed. Since I have already had my say on SCF's credit rating (see South Canterbury Finance Credit Rating Timeline, and What Credit Rating for a Financial Institution that ran out of Cash Last Week)
I now open the floor for readers to vote on my poll, and to add any comments about the matter.



On 21st Sept S&P placed SCF on creditwatch negative, and stated that the creditwatch should be resolved within 90 days, i.e. by about 21st December. I will probably keep the poll open until the result is announced, which could be as much as 3 weeks away.

So, please vote and comment. Thanks.

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