tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, July 9th, 10:43AM

Investments

rss
Latest Headlines

Bridgecorp gets four stars

Bridgecorp has recently been awarded another rating, this time from an Australian provider of independent property funds research, Property Investment Research (PIR).

Tuesday, July 11th 2006, 10:29PM
PIR was commissioned by financial planning firm Northplan to rate a selection of New Zealand non­-bank finance companies late last year. Bridgecorp was awarded a PIR 4 star security rating. This is the highest rating awarded to any New Zealand finance company reviewed by PIR. A security rating below 2.5 stars is not considered investment grade.

The PIR Security Rating system is applied to debt based property investments such as mortgage and mezzanine funds and debenture or note offers (secured or unsecured). It assesses a range of risk/return factors associated with the funds as well as the ability of the manager to manage arrears and defaults.

To produce a ratings report, PIR utilises a rigorous system based on an enhanced evaluation model, a comprehensive review of due diligence material and offer documentation, property inspections where appropriate, specialist interviews of management and a compliance review.

"As we move into a climate where ratings are a significant differentiator between finance companies, it is pleasing to see Bridgecorp achieve another consistent result from a respected and established ratings organisation," Bridgecorp managing director Rod Petricevic said.


Related links:
Good Returns - Comment - Best own Goal

Deposit Rates
More finance company research coming
« Deposit rates news briefsDeposit rate news briefs »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Heartland Bank 1.00  
Heartland Bank 1.00  
Rabobank 1.00  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
  • Commission disclosure: What's material?
    “To Murray. Exactly - got it in one...”
    18 hours ago by LNF
  • Commission disclosure: What's material?
    “One thing I have yet to hear the regulators opine about is this. When a Bank "adviser" recommends her client buys the bank's...”
    18 hours ago by Murray Weatherston
  • Commission disclosure: What's material?
    “They aren't saying it. But some in there are thinking it, and it has been a long and gradual process to get to the fairly...”
    19 hours ago by All hat no cattle
  • What I'm seeing at the moment
    “There were 28 life insurers when I entered the industry. Given NZ's insurable population base today you could say that five...”
    24 hours ago by Matron
  • What I'm seeing at the moment
    “What makes it more interesting is that basically there are only five , serious Life Insurance companies and now , two of...”
    1 day ago by Elephant1
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com