Agency rates NZ firms' returns

Tuesday 20 April 2004

Credit rating agency Rapid Ratings has released a first report on New Zealand listed debt securities.

By The Landlord

The NZDX Report compares 28 issuers and 58 capital notes issues. It was developed to assist investors to analyse risk and return in the New Zealand listed debt markets.

Rapid Ratings' chief executive Patrick Caragata called the report a "roadmap for risk" that would enable investors, traders and issuers to identify whether or not a security was appropriately priced relative to risk.

Telecom's TCNZ Finance and Sky City topped its first issuer list, while Fletcher Building continued a strong recovery.

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