|Bid||18.93 x 1000|
|Ask||20.69 x 1100|
|Day's Range||19.49 - 19.69|
|52 Week Range||9.14 - 19.73|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||39.92|
|Forward Dividend & Yield||0.79 (4.00%)|
|Ex-Dividend Date||Nov 09, 2020|
|1y Target Est||21.93|
This is flexicommercial's first auto and equipment asset backed securities transaction for 2021.Flexicommercial has been providing commercial asset finance to Australian businesses for over 20 years. To address this risk and the fact that the portfolio has a very high proportion of Matrix (approximately 70.0%), we have applied further qualitative stresses in our analysis.Risks arising from the lack of income verification for these borrowers are partly mitigated by the stringent requirements to access this product.
Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
The Reserve Bank of New Zealand on Wednesday raised concerns around risk governance processes in Westpac's unit in the country and has asked the lender to commission two independent reports to address them. The central bank said it was raising Westpac NZ's required holding of liquid assets until it was satisfied that the remediation work was complete and effective. "We have experienced ongoing compliance issues with Westpac NZ over recent years, most recently involving material failures to report liquidity correctly," RBNZ Deputy Governor Geoff Bascand said in a statement.