the figures S and P will be seeing will be VERY current - by the time companies get into this rating category, they are reporting cashflow weekly, and most likely daily to their Trustee

Secondly, the worst thing a Company can do is miss self-imposed deadlines - credibility is vital for confidence - confidence is vital for debenture retention rates. You would think by now that new debenture money for NZF has completely dried up

this is already on the slippery slope, lets see what S and P report in a months time.......

time is running out for good news