18 May 2010

Treasury nod for Fisher and Paykel Finance

5:44 pm on 18 May 2010

Fisher & Paykel Finance has been approved by the Treasury to participate in the Government's extended deposit guarantee.

Managing director Alastair Macfarlane says the company will offer guaranteed and non-guaranteed deposits to give investors choice.

Mr Macfarlane says the company has continued to maintain satisfactory levels of debenture reinvestment from its investor base and

He says Standard & Poor's has issued the company a BB credit rating, with a stable outlook, putting it in a good position to attract more savings from new domestic investors.