Equifax Australasia Reaffirms 'BB' Rating on General Finance; Outlook Stable

MT Newswires Live

2024/12/17

Equifax Australasia reaffirmed the financial strength rating of General Capital's (NZE:GEN) subsidiary, General Finance, at "BB" with a stable outlook, according to a Tuesday filing with the New Zealand bourse.

The move reflects General Finance's "increased scale, healthy earnings, and sound capital and funding profile," the filing stated.

General Capital's shares fell almost 6% at market close Tuesday.

Price (NZD): $0.26, Change: $-0.02, Percent Change: -5.45%

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