TSB Bank credit outlook raised to 'stable' by S&P on reduced property market risk

Fri, 27 Jun 2014

By Tina Morrison June 27 (BusinessDesk) - TSB Bank, the Taranaki community-owned bank, had its credit outlook raised to "stable" from "negative" by ratings agency Standard & Poor's because of its reduced exposure to risks in the residential property market. "The revision of the outlook from negative to stable reflects our belief that increasing risks relating to asset price inflation in the property market and high consumer leverage across New Zealand no longer represent material risks for the bank," S&P credit analyst Andrew Mayes said i...

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