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Moody's Affirms Woolworths A3 Rating: Outlook Stable

Moody's Affirms Woolworths A3 Rating: Outlook Stable

Sydney, February 26, 2010 -- Moody's Investor Service has today affirmed Woolworths Limited's (Woolworths) A3 long-term issuer and senior unsecured ratings. This follows Woolworths announcement of its first half results for 2010 and a $400 million on-market share buy-back.

ASB Moving Head Office To Waterfront Site In New Wynyard Quarter Redevelopment

ASB Moving Head Office To Waterfront Site In New Wynyard Quarter Redevelopment

ASB is moving its head office to a new building located in the Wynyard Quarter redevelopment on Auckland's waterfront. The building will be developed and owned by Kiwi Income Property Trust.

SBS Bank Southland On Show Builds On Last Success

SBS Bank Southland On Show Builds On Last Success

Following the success of the refreshed, revitalised and rebranded SBS Bank Southland on Show held in 2009, SBS Bank is displaying its traditional values and community support as the major sponsors again for next month's show.

Moody's Says Low Delinquency Rate Among Korean ABS Transactions

Moody's Says Low Delinquency Rate Among Korean ABS Transactions

Hong Kong, February 26, 2010 -- Moody's Investors Service says in a new report that there are no rating implications for outstanding Korean ABS transactions in view of the recent performance of their underlying receivables.

Australian Data Flash: Private Sector Credit Firms; House Prices Rebound

Private sector credit for January rose +0.4%/mth: (median +0.2%) to be 1.3% higher than a year earlier. Housing credit rose 0.7%/mth, keeping up the pace of recent growth rates, to be 8.2% higher than a year earlier.

AMP NZ Office Trust To Sell Wellington CBD Retail Units

AMP NZ Office Trust To Sell Wellington CBD Retail Units

AMP NZ Office Trust (ANZO), New Zealand's largest listed investor in prime commercial office property, has made a decision to offer five individually-titled retail units in Wellington's Chews Lane precinct for sale.

Property Screeches To A Holt… (18 Year Low)

Property Screeches To A Holt… (18 Year Low)

Inaction by property investors, (who account for approximately 5% of total sales) cause the market to stall.

ANZ Borrower's Strategy - 26 February 2010

ANZ Borrower's Strategy - 26 February 2010

Economic Outlook: Business confidence rebounded strongly, and was the first piece of good news we have had on the data front all year. Pleasing as the survey was, the divergence between expectations and realised activity remains significant.

New Zealand-Based Business Finance Ltd. Assigned 'BB/B' Ratings; Outlook Negative

New Zealand-Based Business Finance Ltd. Assigned 'BB/B' Ratings; Outlook Negative

Standard & Poor's Ratings Services said today that it has assigned its 'BB' long-term and 'B' short-term counterparty credit ratings to Business Finance Ltd. (BFL), a small New Zealand-based finance company 50% owned by Australian-based Liberty Financial Pty Ltd. (Liberty; not rated).

Global Investor Sentiment Improving But European Sovereign Concerns Persist

Fitch Ratings says that its latest European and US fixed income investor surveys both show continued cautious optimism about prospects for international credit markets this year, however, the majority of investors remain concerned about the outlook for European government debt.