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Australian Entities Long-Term Foreign Currency Ratings Raised to 'AAA' Feb 03
Standard & Poors, Feb 2003
Abstract
MELBOURNE (Standard & Poor's) Feb. 17, 2003--Standard & Poor's said today it has raised the long-term foreign currency ratings on the entities listed below to 'AAA' from 'AA+'. This follows today's upgrade to 'AAA' from 'AA+' on the long-term foreign currency sovereign rating on the Commonwealth of Australia. -- New South Wales (State of): local currency rating AAA/Stable/A-1+; foreign currency rating AAA/Stable/A-1+ -- New South Wales Treasury Corp.: local currency rating AAA/Stable/A-1+; foreign currency rating AAA/Stable/A-1+ -- Victoria (State of): local currency rating AAA/Stable/A-1+; foreign currency rating AAA/Stable/A-1+ -- Treasury Corp. of Victoria: local currency rating AAA/Stable/A-1+; foreign currency rating AAA/Stable/A-1+ -- Queensland (State of): local currency rating AAA/Stable/A-1+; foreign currency rating AAA/Stable/A-1+ -- Queensland Treasury Corp.: local currency rating...
Companies mentioned in this report are: New South Wales (State of),Australia (Commonwealth of) (Unsolicited Ratings),Queensland (State of),Victoria (State of),Western Australia (State of),Victoria (Treasury Corp. of),Rabobank Australia Ltd.,Western Australian Treasury Corp.,New South Wales Treasury Corp.,Queensland Treasury Corp.,Australian Capital Territory (Government of),Sydney Water Corp.,Australian Postal Corp.,Airservices Australia,City West Water Ltd.,Melbourne (City of)
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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