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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