Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions - S&P Global Ratings’ Credit Research

Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions

Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions - S&P Global Ratings’ Credit Research
Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions
Published Dec 10, 2012
1056 words — Published Dec 10, 2012
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Abstract:

MELBOURNE (Standard&Poor's) Dec. 11, 2012--Standard&Poor's Ratings Services' said today that its ratings and outlook on the finance company Cuscal Ltd. (A+/Stable/A-1) are currently not affected by recent disruptions to the company's payments and processing services. Cuscal provides essential core banking services to a number of credit unions through its payments and processing platform. We understand that Cuscal has had two notable disruptions in its payments and processing services since migrating to a new payments and processing platform in November. The first instance was a foreseen and minor problem that affected only some of those cardholders whose PINs were longer than four digits prior to their migration to Cuscal. The second instance was an unforeseen problem and

  
Brief Excerpt:

RESEARCH Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions Publication date: 10-Dec-2012 Primary Credit Analyst: Sharad Jain, Melbourne (61) 3-9631-2077; sharad_jain@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
1229Z@AU
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
Pacific
Format:
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Buy Now

Cuscal Ltd. – 2013/11/26 – US$ 500.00

Summary: Cuscal Ltd. – 2013/11/26 – US$ 225.00

Cuscal Ltd. – 2014/11/20 – US$ 500.00

Summary: Cuscal Ltd. – 2014/11/20 – US$ 225.00

Cuscal Ltd. – 2015/11/26 – US$ 500.00

Cuscal Ltd. – 2012/11/29 – US$ 500.00

Summary: Cuscal Ltd. – 2012/11/29 – US$ 225.00

Summary: Cuscal Ltd. – 2011/12/19 – US$ 225.00

Cuscal Ltd. – 2011/12/19 – US$ 500.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions" Dec 10, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Australian-Finance-Company-Cuscal-Unaffected-By-Recent-Service-Disruptions-1047134>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Australian Finance Company Cuscal Unaffected By Recent Service Disruptions Dec 10, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Australian-Finance-Company-Cuscal-Unaffected-By-Recent-Service-Disruptions-1047134>
  
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