Equifax affirms 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 affirms 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, 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 sound credit
ratings an important part of an investors decision making process.”
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
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- GNZ — Goodman NZ: GMT Credit Rating Reaffirmed2023-09-18
“Level 2, 18 Viaduct Harbour Avenue, Auckland | PO Box 90940, Victoria Street West, Auckland 1142 Tel +64 9 375 6060 | www.goodman.com/nz nzx release+ GMT credit rating r eaffirmed Date 18 September 2023 Release Immediate Goodman (NZ) Limited, the Manager of GMT is plea…”
- FBU — Fletcher Building: Fletcher Building assigned investment grade credit rating2023-10-02
“Fletcher Building Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand Fletcher Building assigned investment grade credit rating Auckland, 3 October 2023: Fletcher Building Limited announced today it has been assigned an i…”
- GNE — Genesis Energy Limited: Genesis – Green Capital Bond Offer2023-06-25
“Credit Ratings Issuer Credit RatingExpected Issue Credit Rating of the Capital Bonds S&PBBB+ (Stable) BB+ Genesis’ current Issuer Credit Rating includes a one-notch uplift from Genesis’ stand-alone credit rating of ‘bbb’, reflecting the legislated majority ownership by the New…”