NZ firms may face further difficulties accessing credit - report

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Mon, 30 Nov 2009 7:48a.m.

John Scott, Dun and Bradstreet's New Zealand general manager

John Scott, Dun and Bradstreet's New Zealand general manager

A warning has come from Dun and Bradstreet this morning, that New Zealand firms face further difficulties accessing credit.

The credit reporting agency says poor payment priorities will hurt business in the months ahead.

John Scott, Dun and Bradstreet's New Zealand general manager, talks about the warning.
 

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Comments

30 Nov 2009 08:26a.m.

simon wrote:

I would think that little NZ with four Aussie banks running things is not even in the money queue.

I am sure that those overseas banks have many places to invest their funds that will pay a far better return.

Kiwis are very deluded about our place in the world, we are not better than a flash Fiji.

Life in NZ over the next few decades is going to become progessively more 3rd world (one in five children being bought up on a benefit is a good example).

We have just had 9 years of Labour Govt that speed up this process and now do nothing Key is going to waste the next 3 years.

Kiwis are like frogs, happy sitting in a pot of water as it slowly gets hotter not noticing our predicament.

Things like global warming are a side show to take our minds of the fact that NZ is in serious decline, a nation of bed makers and cow milkers, neither of which are ever going to return NZ to 1st world status.