Moody&#39;s Upgrades Credit Rating for South Australia State to Aaa
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South Australia state&#39;s low debt levels and ``robust fiscal performance&#39;&#39; are the key factors in upgrading its credit rating to Aaa from Aa1, Moody&#39;s Investors Service said in a statement.
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The pressure on bond insurers  increased on Wednesday after Fitch Ratings downgraded FGIC  Corp's credit rating and Standard & Poor's reviewed the ratings  on $529 billion worth of U.S. mortgage-backed securities and  collateralized debt obligations.
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Credit analysts warned on Monday that if  Moody's Investors Service downgraded some specialist bond  insurers it could have far-reaching impact on financial  markets.
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Standard &amp; Poor&#39;s on Friday upgraded the debt ratings for Illinois Power Co. to investment grade status, after the company was acquired by investment-grade rated Ameren Corp.
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Australiaâs current account deficit widened to a record level in the third quarter, putting downward pressure on the nationâs fast-growing economy and sending the countryâs currency lower.
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Pepco announced yesterday that it plans to increase residential rates for electricity in the District by an average of about 18 percent beginning Feb. 8. An average residential customer&#39;s payment
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Moody's Investors Service may downgrade  A$83 billion ($75.5 billion) worth of Australian  mortgage-backed debt, in the latest spillover from the U.S.  subprime crisis.
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DAVID HARDAKER: Last night, Adelaide&#39;s Lord Mayor gave Rupert Murdoch the keys to the city, and today News Corporation investors handed him a ticket to Delaware when it approved the company&#39;s plans to move to the United States.
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MOODY's Investors Service has placed Slovakia's ratings on review for a possible upgrade.
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&quot;It&#39;s surprising that the bank still expects to have to raise rates, given the significant rise in the Australian dollar since August.
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Australian stocks rose as Metcash Trading Ltd. had its biggest gain in almost four years after Citigroup Inc. raised the stock&#39;s rating, citing an offer to buy Foodland Associated Ltd.
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James Packer's Publishing & Broadcasting had its credit rating cut a notch by Moody's Investors Service after selling its media assets to a venture owned with the buyout firm CVC Asia-Pacific.
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Total Mineral Resources at WMC Resources Ltd&#39;s Olympic Dam mine in South Australia have increased by 29.2% as a result of recent drilling and an improved long-term uranium price outlook.
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Standard &amp; Poor&#39;s on Tuesday lowered the long-term debt ratings on BellSouth Corp. (BLS.N: Quote, Profile, Research) , SBC Communications (SBC.
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Barclays raises its offer for the Dutch bank ABN Amro, after getting Chinese and Singaporean loans.
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TOKYO (Dow Jones)--Australia&#39;s New South Wales Treasury Corp. registered a bond shelf at Japan&#39;s Ministry of Finance last week to issue up to Y300 billion samurai bonds, documents filed at the MOF showed Monday.
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(AGI) Ãâ Rome, Italy, August 27 Ãâ Consumers gave a positive judgement for the meeting which took place today with ENAC on the question of air transport tariffs.