ANN: PGG Wrightson Finance has secured a BB (stable) rating from international credit rating agency Standard & Poors, confirming its place amongst the top tier of finance companies in New Zealand.
“Despite the challenging economic environment in New Zealand, PWF has achieved good profitability in the past three years, reflecting strength of the PGG Wrightson’s brand, expertise in the rural lending segment, and the company’s asset quality.”
Some good news for the PWF arm of PGW today. :)