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Showing 81 - 90 of 100+ results for "AAA"

S&P denied appeal over landmark ruling

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
... to appeal a Federal Court ruling in favour of 91 council, charities and church groups which lost at least $180 million when AAA-rated investments went sour in the wake of the global financial crisis. The judgement clears the way for the not-for-profit ...

Aussie, Aussie, Aussie, Oi, Oi, Oi

BENJAMIN ONG  |  MONDAY, 16 JUN 2014
... dollar by the end of this year. "The main driver of our bullish stance is our expectation that global demand for high-yielding AAA paper will result in further strong inflows to Australia." Makes plenty of sense 'eh Virginia? Australia's one of only ...

Federal Court finds S&P guilty in landmark ruling

MARK SMITH  |  FRIDAY, 6 JUN 2014
... complex synthetic derivatives known as constant proportion debt obligations, or CPDOs, that were arranged by ABN AMRO, rated AAA by S&P and sold by LGFS in 2006. In her judgment, Justice Jayne Jagot said a reasonably competent ratings agency could not ...

Losing shine

BENJAMIN ONG  |  MONDAY, 2 JUN 2014
... sovereign debt crisis, the Jasmine Revolution, the Japan earthquake/tsunami, the US fiscal cliff and downgrade of its rating below AAA. And oh... economic growth in the biggest demanders of gold - China and India -- has slowed.

OMFG! Australia could lose an A

BENJAMIN ONG  |  TUESDAY, 20 MAY 2014
... certainly, government commitment and also potentially the trajectory for public sector debt". "Australia is fairly unique among AAA-rated sovereigns in that its external position is very weak," he said. "What that means is that to retain the AAA rating ...

Court rules against S&P in Lehmann Brothers class action

LAURA MILLAN  |  THURSDAY, 8 MAY 2014
... complex products. Church groups, charities and 91 Councils in Australia launched a class action against S&P's decision to give AAA ratings to complex derivative products sold by Lehman Brothers in the lead up to the global financial crisis. The Federal ...

Bottoms up

BENJAMIN ONG  |  WEDNESDAY, 12 MAR 2014
... tsunami and nuclear meltdown in Japan, and more specifically for the US - Standard & Poor's downgrade of its credit rating from AAA to AA+ -- both US benchmark equity indices have never looked back to 9 March 2009 since. In spite of all these shocks ...

Synchron pushes for providers' direct payment

LAURA MILLAN  |  FRIDAY, 28 FEB 2014
... and product providers have already paid the licensee for those services." The joint submission notes that the collapse of AAA Financial Intelligence in early 2013 resulted in losses to advisers of a reported $300,000. In turn, the collapse of Australian ...

LGS carbon screening possible, but not imminent

JAMES FERNYHOUGH  |  WEDNESDAY, 11 DEC 2013
... hedging. It was announced today that the fund ranked second globally for its sustainable investment practices and maintained its AAA rating as part of the Climate Institute's Asset Owner's Disclosure Project (AODP). This project assesses how 458 of the ...

Australia's whistleblowing regime far from best-practice

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
... best-practice." Griffith University professor and whistleblowing researcher A.J. Brown asked for improvements and changes to Part 9.4 AAA of the Corporations Act in a submission to the Senate inquiry into the performance of the Australian Securities ...