http://www.interest.co.nz/news/77085...credit-profile
I think people have a right to know this so will post it in a factual way.
S&P makes quite a significant number of credit rating downgrades on N.Z. financial institutions.
To be clear, Fitch is the only credit rating agency assigned to HNZ after HNZ removed S&P's authority to rate them last year.
What Fitch do in regard to HNZ, if anything, remains to be seen.