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Credit rating action was very light last week. Moody's Investor Service affirmed the 'Aaa' long-term rating it assigns to the State of New South Wales. This was in response to the withdrawal of legisl.. read more

The weekend marked the official end of the northern hemisphere summer holidays, which means the financial markets should get back to "normal" this week and volumes should pick up noticeably. But even.. read more

Moody's Investors Service lowered its ratings on Babcock & Brown Infrastructure Group, GPT Group and Wyuna Water and placed Boral Ltd. on review for possible downgrade. read more

A month after downgrading four tranches of notes issued by the Allco Finance Group vehicle, Mobius NCM-04 Trust, S&P has turned its attention to Mobius NCM-03 Trust and placed the 'BB' and 'B' rat.. read more

Charge-offs are emerging in a couple of asset-backed securities, sufficient to see credit ratings agencies downgrade the rating on senior debt given that the subordinated tranches no longer provide as.. read more

Outside of the structure finance sector, Standard & Poor's was busy with other rating actions in Australia and New Zealand. read more

The northern hemisphere summer holiday season, the busiest week of the reporting season in Australia and continuing negative sentiment among investors everywhere, were hardly conducive to corporate bo.. read more

Australians have a number of favourite sporting past-times and bank bashing is one of them. The pollies were at it as usual last week but unusually, they were stirred into action by comments from the.. read more

While NAB is unlikely to have pushed the cost of offshore borrowing higher for all the banks, it has pushed its own cost of debt higher. The cost of a negative outlook on its 'AA' credit rating from S.. read more

NAB was busy offshore last week, particularly in the Uridashi market and raising Japanese yen. NAB raised $120 million with a two year maturity, NZ$100 million with an 18 month term to maturity and in.. read more