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Newsroom.co.nz
Newsroom.co.nz
National
Jonathan Milne

Rating agency downgrades viability of NZ’s biggest credit union

It’s taken more than half a century to merge 20 credit unions into New Zealand’s biggest, Unity. But just two more years of forecast operating losses could unravel those generations of work, an international ratings agency warns. Fitch Ratings has downgraded Unity credit union to a B credit rating, with a negative outlook. It’s similarly […]

The post Rating agency downgrades viability of NZ’s biggest credit union appeared first on Newsroom.

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