U.S. Economists Warn Initiation of a Continued Period of Higher Interest Rates
Submitted by Girish Kumar Guha on Sun, 04/11/2010 - 14:43Economists are intimating that with revival of the U.S. economy, the consumers will have to deal with another problem i.e., persistent period of intensifying interest rates. This has been predicted to be the outcome of the swelling debt of the nation accompanied by the altered outlook of inflation because of healing of the economy from recession.
This prediction if it comes to be true, will definitely upset consumers spending as they have been use to the spending convention according to the 30-years of decline in the cost of borrowing.
Marac Finance's Credit Rating lowered by S&P
Submitted by Girish Kumar Guha on Sat, 08/15/2009 - 20:03It seems that Pyne Gould Corp (PGC) is not happy with the decision taken by Standard & Poor's - that of lowering the credit rating of its finance company Marac. The decision was described as unexpected and disappointing by the PGC.
A decrease in the long-term rating was seen to BB plus from BBB minus. A negative outlook is held on the rating, which means there is a one-in-three likelihood of a downgrade within the next two years.
Fairfax Media ratings downgrade hikes interest costs
Submitted by Girish Kumar Guha on Fri, 05/15/2009 - 02:57Fairfax chief executive Brian McCarthy said that in the coming financial year the decision would increase the company’s interest expenses by about $10 million.
The ratings agency said that the downgrade reflected the deterioration of Fairfax's advertising earnings.
