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S&P suggests 'proactive' RBNZ would agree with the credit rating agency's view of increasing risk in the NZ banking industry

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S&P suggests 'proactive' RBNZ would agree with the credit rating agency's view of increasing risk in the NZ banking industry

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1 Comments

S&P suggests 'proactive' RBNZ would agree with the credit rating agency's view of increasing risk in the NZ banking industry

Shame it (RBNZ) shirks it's duty towards the unsecured bank investors by omission. Junk debtors normally incur higher financing costs, not a state endorsed reduction. Poltical description of such action as one of two economic stabilisers most likely to turn matters around is at best farcical and certainly not defensible.

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