Equifax affirms General Finance BB- rating
General Capital (GEN:NZ) subsidiary announces General Finance Credit rating
Confirmation.
Mr. Rewi Bugo, Chairman of Directors of listed financial services Group General Capital
today advised the market as follows:
General Finance Ltd., the 100% owned subsidiary of General Capital has been advised by
Equifax Australasia Credit Rating Pty Ltd (Equifax) that after review of its accounts to
30/9/2021 the credit Rating has been affirmed at BB-.
Mr. Rewi Bugo said the given the uncertain times we are in this is a very positive affirmation
of the long-term strategy that General Capital has for the group.
Mr. Brent King, Managing Director said “we have notice that investors are increasingly
taking credit ratings into account when they consider making an investment in Secured
Term Deposits.
The current market is uncertain, and investors are seeking the view of a credit rating agency
to help them make their decision. We have noticed that the smart investors are seeking
issuers who have strong Brands, longevity, strong management, good credit ratings and
strong capital adequacy ratios. Being licensed by the Reserve Bank of New Zealand is a
strong positive for General Finance.”
For further Information
Please contact
Brent King
Managing Director
General Capital Ltd.
Brent.King@GenCap.co.nz
021-632-660
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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