AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
LOW DEBT AND DISCIPLINE SECURE AUSTRALIA'S TOP CREDIT RATING.
SYDNEY, Dec 1 Asia Pulse - Low levels of debt and strong financial discipline continue to secure the Australian government top marks from a leading credit agency.
Standard and Poor's (S&P) Wednesday affirmed Australia's top level AAA long term and A1-plus short term credit ratings, indicating the country's extremely good creditworthiness.
"Public sector finances remain extremely strong in Australia, and the Commonwealth has very low levels of debt and strong commitment to ongoing fiscal discipline," S&P credit analyst Sharad Jain said.
Australia's healthy and transparent policy environment and consistent and vigorous growth - that extends beyond the mining sector - supported the rating, S&P said.
However, there were some going forward.
"The main risk to Australia's AAA rating remains the persistently high current account deficit, which widened again this year to more than 6.5 per cent of gross domestic product (GDP)," Mr Jain added.
"This has driven net external debt to 230 per cent of current account ...
- STAKEHOLDER OF AUSTRALIA'S TRANSFIELD SERVICES HAS NO NET DEBT.
- News wire article from: AsiaPulse News December 16, 2002 700+ words
...more than $A60 million ($US33.86 million) cash and no net debt. Transfield Holdings said it was responding to press reports...has over $A60 million ($US33.86 million) of cash, no net debt and ... is very pleased with its 35 per cent investment in...
- CIX: NICHE GENERAL INSURER WITH NO NET DEBT, $60 MLN IN CASH, NO EQUITY...
- Magazine article from: Ozequities News Bites December 8, 2008 700+ words
...the insurance world in Australia, Calliden Group Limited...that now ranks 18th in Australia, offers an attractive...opportunity. Calliden has no net debt ($25 million in debt...increase in scale in an Australia wide business. The acquisition...
- No net debt by the end of June 30: PM.
- News wire article from: Bulletin Wire March 8, 2006 700+ words
(From Bulletin Wire) Australia will have no net debt by the end of this financial year, Prime Minister John...this financial year, the national government will have no net debt," he said. "If you look at the average of the OECD...
- Rio Tinto commits to reduce net debt by $10 bn by end of 2009.
- News wire article from: Chemical Business Newsbase December 8, 2008 700+ words
...economic downturn. The Group's net debt was reduced by $3.2 bn during...is committed to reducing further net debt by $10 bn by the end of 2009. In...from the Pilbara region of Western Australia to between 170 M and 175 M tonnes...
- Since almost eliminating net debt, the Australian government's attention has...
- Magazine article from: NBER Reporter June 22, 2005 700+ words
Since almost eliminating net debt, the Australian government's attention has turned to the financing...balance sheet liabilities, such as public sector superannuation. Australia will be developing a significant financial asset portfolio in the...
- Telstra turns CSL into a net debt mobile operator.
- News wire article from: Asia Africa Intelligence Wire August 29, 2003 700+ words
(From South China Morning Post) Byline: Ben Kwok Australia's Telstra Corp has drawn HK$1.2 billion in cash from...subsidiary CSL, making Hong Kong's No2 mobile operator a net debt company. The change in CSL's capital structure was disclosed...
- Q2 2004 Mettler-Toledo International Sales and Net Debt Conference Call - Part...
- News wire article from: The America's Intelligence Wire July 22, 2004 700+ words
...course of last year. We had big orders from Deutsche both in UK, in France, but also very nice orders from T & T in Australia, which really came pretty much at the same time Q2, Q3. So, comparisons will be remain tough for Q3, for Q4 it will be...
- Needling into net debt and its ties to fraud.
- Newspaper article from: Private Placement Letter February 9, 2004 700+ words
...s industry forum was the concept of net debt. Not-so-veiled references to a large...sparked interest in the accounting topic. Net debt is a term used in measuring debt on European...there, "so all of a sudden the case of net debt gets blown up," said one panel investor...
- CORR - S KOREA'S CONGLOMERATES SEE SHARP NET DEBT RISE IN 2008.
- News wire article from: AsiaPulse News March 23, 2009 700+ words
(Corrects total net debt in 2nd paragraph) SEOUL, March 23...10 largest business groups saw their net debt rise sharply last year as they sought...expansion, a report showed Monday. The net debt of the nation's 10 largest conglomerates...
- S. Korea's conglomerates see net debt rise in 2008.
- News wire article from: YON - Yonhap News Agency of Korea March 24, 2009 700+ words
...s 10 largest business groups saw their net debt rise sharply last year as they sought...expansion, a report showed Monday. The net debt of the nation's 10 largest conglomerates...the country's business conglomerates. Net debt is calculated as financial liabilities...
Source: HighBeam Research, LOW DEBT AND DISCIPLINE SECURE AUSTRALIA'S TOP CREDIT RATING.