Inflation indexed bonds in AOFM mix 17 August 2009 4:44PM Apart from its twice-weekly government bond issues detailed below, AOFM announced last week that it will commence issuing capital indexed bonds on behalf of the Commonwealth government. This will no d.. read more
South Canterbury and Marac junked 17 August 2009 4:43PM Standard & Poor's resolved its CreditWatch with negative implications and lowered its credit ratings on South Canterbury Finance to 'BB+/B' from 'BBB-/A-3'. While the outlook on the rating is nega.. read more
Supply shortage driving NZ housing prices 17 August 2009 4:42PM In sharp contrast to, and also in part because of, the woes facing the property development sector in New Zealand, house prices are expected to rise by 11 per cent in the coming year and rise by as mu.. read more
Sky City buys back while AIA is set to issue 17 August 2009 4:41PM Staying in New Zealand, Standard & Poor's announced it had rated a new NZ$25 million, seven-year, bond to be issued by Auckland International Airport, 'A-', in line with the 'A-/Stable/A-2' issuer.. read more
Moody's on New Zealand's banking system 17 August 2009 4:40PM Following on from the release of its "Asia Banking Outlook 2009" report in June, in which it stated that the outlook for the Australian and New Zealand banking systems is negative, Moody's Investor Se.. read more
Rating affirmations for some 17 August 2009 4:39PM Moody's commented on the fiscal 2009 results of both BHP Billiton and Telstra. In the case of the former, it observed that the results were broadly within expectations and held no implications for the.. read more
New and continuing reviews 17 August 2009 4:38PM Assured Guaranty Corp. completed its acquisition of Financial Security Assurance Inc. at the end of June but since before that time Fitch has had its 'AA' and 'AA+' insurer financial strength ratings.. read more
Quiet week for NZ debt market 10 August 2009 4:57PM Westpac added NZ$100 million to its government-guaranteed July 2014 line to take outstandings to NZ$675 million. The line was opened only three weeks earlier but Westpac was able to achieve a 10 bps c.. read more
A win of sorts 10 August 2009 4:56PM Mallesons Stephen Jacques released a note to clients last week, that might provide some comfort to the ex-Lehman Bros clients now pursuing the firm over failed CDO investments, albeit possibly brief. read more
Stressed out but surviving 10 August 2009 4:55PM Standard & Poor's released a report last week that outlines the results of stress tests undertaken on 19 sub-prime and non-conforming RMBS transactions comprising 118 tranches of rated notes. Whil.. read more