Kiwibank drops Standard & Poor's credit ratings

Tue, 13 Jul 2021

Kiwibank said it has decided to drop using the Standard & Poor's credit rating service and will rely on Moody's and Fitch Ratings in future.Until now, the government-owned bank has used all three of the international credit rating services.Its "A" rating with a stable outlook from S&P has now been withdrawn.Its Moody's ratings are "A1/P-1" with a stable outlook and its Fitch ratings are "AA/F1+" with a stable outlook.The bank, which is 53% owned by New Zealand Post, 25% by the NZ Superannuation...

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