Be confident in Bonus Bonds

For over 40 years, Bonus Bonds has held a unique place in the New Zealand financial scene, and over this time Bonus Bonds have paid out millions of prizes worth over $2 BILLION!

Bonus Bonds fund credit rating

Standard & Poor's first assigned a fund credit rating to the Bonus Bonds Trust on 11 December 2006. The Bonus Bonds investment portfolio is rated AAf by independent credit rating agency Standard & Poor's, which indicates that the "Trust Fund's portfolio holdings provide very strong protection against losses from credit defaults".

Fund credit quality ratings, which range from 'AAAf' (highest level of protection) to 'CCCf' (lowest level of protection), are identified by the subscript 'f' for fund, and represent Standard & Poor's assessment of the overall credit quality of a fund's portfolio holdings.

Credit ratings assigned by Standard & Poor's Rating Services are statements of opinion, not statements of fact or recommendations to buy, hold or sell any securities. Credit ratings are subject to change.

Standard and Poor's fund credit quality ratings scale.

Rating	Definitions
AAAf	The fund's portfolio holdings provide extremely strong protection against losses from credit defaults.
AAf	The fund's portfolio holdings provide very strong protection against losses from credit defaults.
Af	The fund's portfolio holdings provide strong protection against losses from credit defaults.
BBBf	The fund's portfolio holdings provide adequate protection against losses from credit defaults.
BBf	The fund's portfolio holdings provide uncertain protection against losses from credit defaults.
Bf	The fund's portfolio holdings exhibit vulnerability to losses from credit defaults.
CCCf	The fund's portfolio holdings make it extremely vulnerable to losses from credit defaults.
+ or -	The ratings from 'AAf' to 'CCCf' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

For a complete listing of Standard & Poor's credit rating definitions, go to the Standard & Poor's website:
www.standardandpoors.com.au.

What is Bonus Bonds’ investment policy?

The Bonus Bonds Trust generates the money for the monthly prize draws by investing funds in debt securities, specifically from issuers that are rated 'A' or better for credit default risk by Standard & Poor's - issuers such as the Government, selected local authorities, New Zealand registered banks and selected corporates.