Markets still value CRAs 03 May 2010 4:27PM Standard & Poor's once again received a lot of criticism last week for being too slow to act with its rating downgrades and especially in the case of Greece. Why was S&P only now reducing Gr.. read more
Reynolds Group: issuer of the week 03 May 2010 4:26PM The award for the deal of the week must go to Reynolds Group, the company wholly-owned by New Zealand's richest man, Graeme Hart. Reynolds Group issued US$1.0 billion of eight-year bonds in the US s.. read more
NZDMO borrows more than it needs 03 May 2010 4:25PM While the Reserve Bank of New Zealand left the OCR unchanged at 2.5 per cent and pushed the timing of the first increase out to later in the year, the NZDMO announced that it was increasing its borr.. read more
Telstra seeks Kiwi investors 03 May 2010 4:25PM Having failed to entice Australian investors, Telstra met with investors in New Zealand on Friday, ahead of a planned Kauri bond issue. Telstra last issued in New Zealand in October 2008, when it ad.. read more
Unwrapping Sydney Airport 03 May 2010 4:24PM The Anzac Day holiday shortened week saw very little activity in the domestic market. Rentenbank was the only issuer in the domestic market, adding A$100 million to its January 2015 line and taking.. read more
New ratings for APA Group and Goldman Sachs JBWere 03 May 2010 4:23PM 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 plac.. read more
Adverse selection rises as RMBS outstandings fall 03 May 2010 4:23PM S&P reported that arrears on prime mortgage-backed securities jumped in January to 1.39 per cent of the underlying mortgage outstandings, from 1.25 per cent at the end of December. However, mort.. read more
Greece will not be allowed to wreck the euro 27 April 2010 4:25PM Moody's Investors Service triggered the latest slide in the fortunes of Greece when, on Thursday, it lowered the sovereign rating by one notch to 'A3' and left the rating on review for further possi.. read more
G20 agreement on bank levies now seems unlikely 27 April 2010 4:24PM The meeting of G20 finance ministers, held in Washington, wrapped up on Friday with no agreement being reached on the IMF's recommendations for the introduction of two new taxes on the global bankin.. read more
$A funding appeals to BofA and EDC 27 April 2010 4:23PM In other domestic market news, Bank of America (A+) was meeting with investors last week, on a non-deal roadshow. Bank of America last issued here in February 2007, when it raised A$1.0 billion for.. read more