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…
Tag: moodys
Councils to sue Standard & Poors in new action
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…
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…