Moody's announced that it had assigned 'Baa2/P-2' long- and short-term credit ratings to APT Pipelines Ltd. The ratings reflect the credit profile of APA Group, given the guarantee structure in place between the group and APT Pipelines. The outlook on the long-term rating is stable.APT Pipelines is the financing vehicle for the group. APA Group is the largest owner of gas transmission and distribution assets in Australia, with a portfolio of pipelines and networks that consists of more than 25 assets.  APT Pipelines was rated 'BBB/Stable' by S&P last June, just after the group had announced a US$140 million bond issue in the US Reg D market.Fitch affirmed its 'A/F1' long- and short-term issuer default ratings on Caterpillar Inc. and Caterpillar Financial Services Corporation, with a stable outlook. Fitch also affirmed the 'F1' short-term rating assigned to Caterpillar Financial Services Australia. CFSA last issued A$250 million of three-year bonds in the domestic market in November.The ratings and outlook affirmation for CAT reflects the improving global economic outlook, the benefits of cost reductions last year, a solid liquidity position and improving credit metrics. In 2009 the company remained profitable, generated positive free cash flow and reduced debt.Moody's assigned first time long- and short-term ratings of 'A2/P1' to Goldman Sachs JBWere Capital Markets Limited and Goldman Sachs JBWere Pty Ltd., and 'A3/P1' ratings to Goldman Sachs JBWere Group Holdings Pty Ltd. All ratings carry a negative outlook in line with that on the largest shareholder, Goldman Sachs.The ratings of GSJBW reflect the group's established franchise in Australia's capital markets, its prudent risk and liquidity profiles, and its strong relationship with the Goldman Sachs Group. Goldman Sachs has A$1.8 billion of bonds outstanding in the domestic market but GSJBW has not publicly issued.