S&P vows vigorous defence against councils’ ‘lawsuit is without merit’
By Julian Bajkowski Global financial ratings agency Standard & Poors has vowed to fight fresh legal action against it to recover millions of dollars lost by dozens of Australian councils after the local governments bought into junk, sub-prime instruments graded by the firm as AAA and AA quality investment products. The confirmation by S&P that […]
19 April, 2013
Frank Wilson on: Tributes flow for ‘Blacktown’s favourite son’
Philip Coorey on: Sydney councils seek help for ibis problem
Roger Buhlert on: Revenue NSW automated debt recovery ‘unlawful’, ombudsman finds