Equifax reaffirms General Finance Limited’s BB rating

General Capital Limited
Level 8, General Capital House,
115 Queen Street, Auckland CBD
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145


Equifax reaffirms General Finance Limited’s BB financial strength rating
General Capital Limited is pleased to advise that global credit rating agency Equifax
Australasia Credit Rating Pty Ltd (Equifax) has reaffirmed the financial strength rating of
General Capital’s 100% owned subsidiary, General Finance Limited, as BB with a stable
outlook after completing its annual review.
The rating reflects General Finance’s increased scale and healthy earnings, sound capital
and funding profile.
General Capital’s Chairman, Mr Rewi Bugo welcomes the confirmation from Equifax, saying
this outcome recognises General Finance’s continued strong growth and earnings despite
the challenging macro-economic environment.

“This acknowledges General Finance is in a strong position to continue delivering on our
strategy to achieve long term growth and is well positioned to navigate the changing
regulatory landscape.” says Mr Bugo.
Mr. Brent King, Managing Director said “we continue to notice that investors are taking credit
ratings into account more often when they consider making an investment in Secured Term
Deposits. The current market makes it critical for investors to review credit ratings when
making an investment decision.”
Mr King went on to say “the introduction of the Deposit Compensation Scheme (DCS) on 1
July 2025 is another important consideration for investors. General Finance term deposits
are covered by the DCS up to $100,000 per investor. Investors need to do their research
before investing their hard-earned money into entities offering high returns which have
neither a credit rating nor the backing of the DCS. General Capital Group is the only NZX
listed company comprising a RBNZ licenced Non-Bank Deposit Taker which is both credit
rated and covered by the DCS.”
The report from Equifax can be located here Credit Rating - General Finance Limited | Great
Interest Rate | Solid Credit Rating.
ENDS
This announcement has been authorised by Brent King, Managing Director, General Capital
Limited.
For further Information please contact:

Brent King
Managing Director
General Capital Ltd.
Brent.King@GenCap.co.nz
021-632-660
21 July 2025