Registered prospectus and investment statement disclosure

Registered prospectus and investment statement

For a copy of the latest NZF Money Limited; Prospectus, Investment Statement and application form, please click here.

Rating of NZF Money Limited

On 24 February 2010, NZF Money Limited received a NZ Dollar long term issuer rating of B (Outlook Negative) from Standard & Poor’s.

This type of rating expresses an opinion about the overall financial capacity of an issuer of securities to meet its financial obligations.

Explanation of Rating in terms of Standard & Poor’s rating criteria

This rating means that, in terms of Standard & Poor’s rating criteria, NZF Money Limited is currently considered by the rating agency to have significant speculative characteristics and some vulnerability. However, it currently has the capacity to meet its financial commitments. The rating agency considers that adverse business, financial or economic conditions will likely impair the issuer’s capacity or willingness to meet its financial commitments.

Investors should be aware that the rating is Standard & Poor’s view of NZF Money Limited’s creditworthiness following its review. It is not necessarily determinative of whether or not NZF Money Limited will repay deposits and pay interest to investors. NZF Money Limited has met its payment obligations to investors since it first offered secured deposits in late 1999.

About Standard & Poor’s rating

The rating was issued following a review by Standard & Poor’s of the Company’s business, its lending files and its management. Further information on Standard & Poor’s, its ratings, processes and criteria is available from its website at www.standardandpoors.com.

Explanation of credit ratings generally and rating scale

The Reserve Bank of New Zealand (RBNZ) has produced a paper called “Know your credit ratings”. This provides information on:

  • What are credit ratings
  • What you need to know about credit ratings
  • What are the limitations of credit ratings
  • A standardised rating scale

They also state that “credit ratings are only one tool in assessing risk, and we advise investors to seek more information on making wise investment decisions.” To view “Know your credit ratings” click here.