In an interview yesterday, Mr Maier said potential suitors were well aware of South Canterbury Finance's (SCF) liquidity and cash flow position, the reason Standard and Poor's (S&P) on Friday re-evaluated its credit rating.
The agency lowered its long-term credit rating from B- to CC but held its short-term rates at C, while warning it was on negative credit watch.
Mr Maier acknowledged S&P needed to flag its findings to the market, but said none of the parties considering investing in SCF was upset.
"Our objective is to get it [recapitalising] done by August 31 and none of the parties are fazed."
Recapitalising the company would immediately trigger a re-rating for the new entity.
"They are sophisticated investors in the midst of due diligence, and they are not relying on headline credit ratings."
S&P said SCF was hampered by a substantially diminished cash balance, which was at a level it feared could see SCF require additional liquidity support.
This was attributed to a combination of delays in loan repayment and weaker than anticipated reinvestment and inflow of debentures.
S&P's credit analyst Peter Sikora said in a statement that in addition to those issues, SCF had not advanced its recapitalising which compromised its business viability - even through it had until August 31 to complete the process.
"Even if recapitalisation plans are progressed, we understand that SCF will also require trustee approval and support to progress and execute recapitalisation plans after August 31, while it is still in breach of trust deed covenants."
Meanwhile, some speculators have been buying small parcels of SCF preference shares in the hope they will regain their face value, and even though they are not covered than the Deposit Guarantees Scheme.
Craigs Investment Partners broker Chris Timms said volumes traded yesterday were very light, but the price of the shares, which had a face value of $1, eased 5% to trade at 14c.
Shares with a face value of $20,000 could yesterday be bought for $3000 and some investors were prepared to speculate they would recover some lost value, he said.