Worked a bit on this forgotted box. Got cables are replaced, so since -12V was faulty, time to get on power supply repair.
It's simple linear regulator, so after checking power transistors Q2 and Q3 (which were OK) only few parts remain to troubleshoot.
Replaced electrolytic capacitors C1,C2,C3,C4,C5 and U3 opamp (used far too good Linear LT1007 here, since usually don't have much stock for DIP8 opamps).
As result negative -12V rail powered up fine, just like new.
Schematics for those thinking at home:

Now front panel is responsive and LED displays are working. I think some buttons still flaky as it does not reliably react to key presses/sometimes lockes up.