|
|
 |
|
Viewing report
|
|
|
|
Australian Postal Corp. Ratings Affirmed Apr 01
Standard & Poors, April 2001
Abstract
MELBOURNE (Standard & Poor's CreditWire) April 5, 2001--Standard & Poor's today affirmed its triple-'A' long-term local currency rating, double-'A'-plus long-term foreign currency rating, and 'A-1'-plus short-term credit ratings on Australian Postal Corp. (Post). The outlook remains stable. The ratings reflect Post's dominant market position, its extremely strong financial position, its diversified business portfolio, and its continued monopoly in the provision of some postal services in Australia. Post's government ownership imposes some financial burdens on the corporation, such as special dividend payouts in the past, and the requirement to absorb in the standard letter rates the goods and services tax introduced in fiscal 2001. Government ownership, however, reinforces confidence in the company's stability. 'Beside maintaining a high level of customer satisfaction...
Companies mentioned in this report are: Australian Postal Corp.
Action: Affirmed
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.
|
|
|
|
