26 Sep 2009

Avanti credit rating revised

6:14 am on 26 September 2009

Standard & Poors has given a BB negative to B outlook for Avanti Finance.

The credit rating agency says the rating reflects the company's moderate liquidity and susceptibility to funding pressures.

It says these stem from a funding base that's heavily reliant on debenture investor support and access to bank funding through its sister company, Galatos Finance.