WBS ratings stay strong
WBS credit rating has been reaffirmed by international credit rating agency Fitch Ratings, at BB+ (Stable), a rating we’ve maintained for close to 15 years, confirming our position as a robust and credible alternative for Wairarapa investors and borrowers.
“It’s wonderful to have our rating confirmed as we head into our 150th year. It gives our customers confidence in the money they invest with or borrow from us and in turn means we can continue to invest back into the Wairarapa community, which is integral to our purpose.”
In its report, Fitch said it expects the operating environment to be broadly stable for New Zealand non-bank deposit takers (NBDTs) over the next two years, despite its forecast for a mild recession in 2023.
“We expect WBS to maintain sound capital ratios and remain towards the top end of its peer group over the next two years.”
At WBS, we’re proudly local and invest back into the Wairarapa community. In April 2023 we will mark 150 years in operation. This milestone will be recognised in a number of ways, including support of community events and initiatives across the Wairarapa.