Global credit rating agency Equifax has reaffirmed the financial strength rating of General Capital's subsidiary, General Finance, at BB with a stable outlook.
The rating reflects General Finance's increased scale, healthy earnings, and sound capital and funding profile.
General Capital's chairman, Rewi Bugo, said the confirmation from Equifax acknowledged General Finance's continued growth in assets and earnings, despite the challenging macroeconomic environment.
Managing director, Brent King, highlighted the importance of credit ratings in investors' decision-making process for secured term deposits.
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