Recent Posts

S&P affirms NZ Post credit rating, cuts hybrid notes to ‘junk’

Standard & Poor’s affirmed New Zealand Post’s issuer credit and related debt rating at A+/A-1 with a long term negative outlook, while cutting its hybrid notes to ‘junk’ status. NZ Post would receive a “very high level of extraordinary support” from the government in times of financial stress, but this wouldn’t be extended to the $200 million of hybrid notes the national …

Read More »

FT’s Jamil Anderlini on how the Chinese anti-corruption drive has swept to New Zealand

The anti-corruption campaign which has swept across China in the last two years has gone global, as Beijing seeks to enlist the help of western democratic governments in pursuing officials who flee overseas. Underlining Beijing’s rising economic and political clout, Communist party officials have already launched an investigation into assets and individuals based in New Zealand, a country that counts China as …

Read More »