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About our credit rating
Liberty Financial Limited has a New Zealand dollar long term issuer rating of BBB (Outlook Stable).
A BBB rating is considered an investment grade rating by market participants and is less vulnerable to non-payment than speculative issues. An institution rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to meet its financial commitment.
S&P Global Ratings scale
Liberty was rated by S&P Global Ratings, which gives ratings from AAA through to C (excluding ratings attaching to entities in default). The rating scale used by S&P is shown below.
| Investment Grade | ||
|---|---|---|
| AAA | Extremely Strong | 1 in 600 |
| AA | Very Strong | 1 in 300 |
| A | Strong | 1 in 150 |
| BBB | Adequate Current Liberty Financial rating BBB (Outlook Stable) | 1 in 30 |
| Non-Investment Grade | ||
|---|---|---|
| BB | Less Vulnerable | 1 in 10 |
| B | More Vulnerable | 1 in 5 |
| CCC | Currently Vulnerable | 1 in 2 |
| CC | Currently Highly Vulnerable | |
| D | Default |
More information
A credit rating is an independent opinion of the capability and willingness of an entity to repay its debts (in other words, its creditworthiness). It is not a guarantee that the financial product being offered is a safe investment. Credit ratings are statements of opinion issued by a ratings agency. They are not statements of fact, an endorsement of the rated entity, or a recommendation to buy, hold, or sell securities.
A credit rating should be considered alongside all other relevant information when making an investment decision.
For further information visit the S&P website at www.standardandpoors.com.
S&P may also include an “outlook assessment” with their rating, which considers the potential direction of a long-term credit rating over the intermediate term (typically six months to two years). This assessment is not necessarily a precursor of a rating change. The common rating outlook definitions are:
Positive – a rating may be raised
Negative – a rating may be lowered
Stable – a rating is not likely to change
Developing – a rating may be raised or lowered.