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
Posts Tagged: moodys
By Julian Bajkowski Australian councils burned by toxic investments in collateralised debt obligations (CDOs) from collapsed bank Lehman Bros. have escalated their legal action and will try and rope-in ratings agency Standard & Poors in their bid to recover losses of around $200 million. Litigation funder IMF said on Tuesday afternoon that it will file […]16 April, 2013
By Paul Hemsley Tasmanian Premier Lara Giddings has defended her state’s economic performance after Moody’s Investors Service booted the island’s credit rating down a notch on the back of rising debt concerns. Moody’s now puts Tasmania’s credit worthiness at Aa1, a minor fall from its previous score of Aaa, a move resisted by rival Standard […]5 October, 2012
End of content
No more pages to load
Sorry. No data so far.