PRESS RELEASE: Fitch Affirms New Zealand's Southland Building Society (Nasdaq)

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Fitch Ratings-Brisbane/Singapore-17 July 2008: Fitch Ratings has today affirmed the ratings of New Zealand's (NZ) Southland Building Society (SBS) at Long-term Issuer Default Rating (IDR) 'BBB', Short-term IDR 'F2', Individual 'C', Support '5' and Support Floor 'NF'.

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