NSW Councils win battle against Standard & Poors

By Julian Bajkowski A group of 12 New South Wales councils have scored a second vital win in the ongoing legal battle over how toxic financial instruments were deceptively marketed to them as safe investments, causing the loss of millions of ratepayer’s dollars during the global financial crisis. A decision handed down on Monday by […]

Tasmania’s credit rating trimmed

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 […]

SA to fast track construction industry

The South Australian Government has vowed to push ahead with an economic stimulus initiative aimed at reviving local building and construction activity after the state was stripped of its AAA credit status by ratings agency Standard and Poors. The infrastructure push aims to speed up the approval for construction projects that can be commenced quickly […]

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