Ooops, sorry wrong thread.....:D:DQuote:
NBR today: Banks in good position to withstand pressure from weaker dairy sector, Moody's says
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Ooops, sorry wrong thread.....:D:DQuote:
NBR today: Banks in good position to withstand pressure from weaker dairy sector, Moody's says
How about posting the kinky link :cursing::lol:
Thanks Xerof. Lots of good reading and figures in there"
The ratings have always incorporated a certain element of volatility," he said. "If you look at the key metrics for the New Zealand banks, whether it be profitability, capital, asset quality or funding, they have all improved over the past couple of years and we haven't actually moved the ratings despite this improvement, so the ratings do have a certain amount of buffer in them to withstand some weakening in their metrics.
"A Federated Farmers survey published this month showed a net 25.7 percent of farmers expect their debt to increase over the next 12 months, compared with a net 6.7 percent in January. Debt expectations picked up across all farming sectors, led by the dairy industry where a net 48.9 percent of farmers expected to increase debt. A net 18.1 percent of arable farmers expected to increase debt, compared with a net 2.6 percent of meat and fibre farmers."
https://nzx.com/companies/HNZ/announcements/267363
director resignation...
Pretty big volume through today and still plenty on offer. Change of sentiment? Felt like we were back on the up