Credit Rating

Policy options on political corruption reform

THE creation of a functional and balance human system is largely dependent on in-built mechanisms and processes that serve as necessary architectural framework for self regulations. These instilled checks and balances avert exploitations, despotism and totalitarianism while aligning all branches and units with the projections of corporate benefits to all stakeholders as well as the promoters and strengthening institutions value foundation. This was the spirit behind the paper titled ; “Constitutional Foundations of Political Corruption in Nigeria and a Reform…

0
Read More

NMRC’s bond 200% subscribed – Punch Newspapers

Nike Popoola The Nigeria Mortgage Refinance Company has announced the completion of its N11bn 13.80 per cent series 2 bond issuance under its N440bn medium term note programme. According to a statement by the firm, the raising of the bond is part of its primary mandate of providing liquidity to the Nigerian mortgage market. It explained that the net proceeds would be used to refinance eligible mortgage loans originated by the participating mortgage lending banks. “This is coming on the…

0
Read More

Finances discussions are important for your relationship

WHEN you’re in the first bloom of romance you don’t want to be talking about something as unsexy as money. It’s not exactly fun pillow talk. Sure, you might feel comfortable talking about spliting the bill on a birthday or other significant day, or about how much money to spend on your partner and what the appropriate gesture is. But when it comes to finances and your relationship, for many of us, that’s where it ends. Which is a problem.…

0
Read More

BRICS Member Countries Urged To Establish Credit Rating Agency

Experts on regional strategic policy have urged BRICS member countries to step up efforts towards setting up its own credit rating agency as an effective mechanism to consolidate the bloc’s new multifaceted spheres of cooperation. BRICS (Brazil, Russia, India, China and South Africa) is currently working on a set of new proposals including the establishment of women business club and a rating agency, among others, for the 10th edition of BRICS Summit scheduled to take place from 25-27 July, 2018,…

0
Read More

Guan Eng is causing the economy to collapse – Malaysia Today

Anti-Wayang Foreign selling of Malaysian shares accelerated to RM1.21 billion last week from RM903.1 million the week before. On average, RM301.5 million left Malaysia each and every day of last week compared to RM180.6 million each and every day the week before. The foreign selling steak has now extended to 28 consecutive market days. This does not include the RM20 billion that has been pulled out by foreigners by our bond markets since GE14. Over the past two weeks, our…

0
Read More

How you can guard against sexually transmitted debt

When it comes to perfect matches, Bethany, I’m sorry to say that money can quickly combat funny. The laughs dry up pretty fast if a joint bank account has been emptied but the rent or electricity is due. It’s concerning that you sound so concerned. You also sound really conscientious… and from the brief amount you’ve told me, your partner does not. You need to find out three things double quick: Does your partner have debts and what are they?It’s…

0
Read More

Kentucky’s credit rating amid fiscal mismanagement, poverty

FRANKFORT, Ky. (AP) – As Kentucky prepares to borrow $281 million on the bond market, one of the country’s three major ratings agencies has dropped the state’s credit rating to A from A+. The Lexington Herald-Leader reports Standard & Poor’s cited state government’s poor fiscal management and citizens’ relative poverty in its Friday decision, which will likely translate to a higher interest rate for taxpayers. Another ratings agency, Moody’s, downgraded Kentucky by one level to an Aa3 rating last year,…

0
Read More

ICRA assigns rating to ANG Lifesciences India Ltd

ICRA Limited (‘the Agency’) has assigned Credit Rating for Rs. 17.00 Crore Line of Credit (LOC). The agency has upgraded the long term rating to [ICRA] BB+ (pronounced ICRA double B plus) from [ICRA] BB- (pronounced ICRA double B minus) and the short-term rating to [ICRA] A4+ (pronounced ICRA A four plus) from [ICRA] A4 (pronounced ICRA A four). Shares of ANG Lifesciences India Ltd was last trading in BSE at Rs.77.05 as compared to the previous close of Rs.…

0
Read More

Term CEF Ladder #7: National Municipal Bond Funds – BlackRock Municipal 2020 Term Trust (NYSE:BKK)

The first article in this series, which framed our investment objective and introduced the idea of a Term CEF Ladder, can be found here. We then covered Mortgage Bond, Senior Loan, and High-Yield CEFs. A discussion in the comments section of our HY CEF article prompted me to pen a second article on assorted Corporate Bond CEFs, which among other things compared the liquidation strategies of several CEFs with 2018 termination dates. Convertible bond and preferred stock funds were the…

0
Read More

Signs show SA economy is growing

Treasury says it believes changes in political leadership have led to a significant improvement in economic confidence and government is prioritising inclusive growth. Picture: Supplied. JOHANNESBURG – National Treasury says changes in governance at critical state-owned enterprises along with other factors are expected to improve the investment climate in South Africa. This comes after rating agency Fitch affirmed South Africa’s long-term foreign and local currency credit ratings at BB+ with a stable outlook. Treasury says it has…

0
Read More

Global markets slide as Donald Trump imposes first $71 billion of tariffs in trade war with China

Donald Trump has fired the first US$50 billion ($71.9b) salvo in his trade war with China, slapping a 25 per cent tariff on hundreds of products and sending global markets sliding. Beijing immediately retaliated yesterday as officials promised to respond in kind with “countermeasures of the same scale and strength”. Trump said he had been forced to act by China’s alleged theft of intellectual property from US firms and despite his “great friendship with president Xi”, according to the Daily…

0
Read More

Medical debt is ‘financially crippling’ families in Kansas, Missouri / LJWorld.com

A quarter of Kansas working-age adults and a third of the state’s children live in households dealing with medical debt. That’s one of the takeaways from a new report commissioned by five Kansas and Missouri health foundations, believed to be the largest survey to date of health consumers in the two states. In Kansas, about 2,600 adults and minors were included. The survey answers point to problems with access to dental and mental health care, among other services. More health…

0
Read More

S African power outages enter 2nd day as workers protest | World | thenews.com.pk

S African power outages enter 2nd day as workers protest JOHANNESBURG: South Africa suffered power outages for a second straight day on Friday as workers protest over wages at national electricity provider Eskom, in a test of President Cyril Ramaphosa’s resolve to cut costs at struggling state companies. Eskom, which produces more than 90 percent of South Africa’s power, said it would implement outages throughout the day because of an “illegal protest action” by some of its employees. The rand…

0
Read More

Uncertainty follows prevailing wage repeal | 2018-06-15

The Michigan Senate voted June 6 to repeal the state’s prevailing wage law, and while the decision evokes praise from those who have campaigned for it, uncertainty hangs in the air over how it will affect current bids on construction labor. According to the Associated Press, the repeal passed in a 23-to-14 vote, mostly along party lines in a Republican-controlled Senate. Gov. Rick Snyder opposed the bill, but it was veto-proof because it was initiated through a ballot drive. The…

0
Read More

Unions Go To Battle Over Pension Payment

At an emergency meeting, representatives from several public employee unions tried to stop an imminent raid on their pension funds. Patrick Cannon, a representative for New Haven’s firefighters, went on the attack early Friday morning at a joint meeting for the city’s two pension boards, criticizing the city controller for that tampering with pension payments to fix up the budget. Cannon was responding to plans that Controller Daryl Jones had announced earlier this week to pay down this year’s $14…

0
Read More

Should newlyweds combine bank accounts?

By David Brancaccio June 15, 2018 | 10:55 AM Embed Code<iframe src=”https://www.marketplace.org/2018/06/15/world/should-newlyweds-combine-bank-accounts/popout” frameborder=”0″ width=”100%” height=”240px”></iframe> Do you think Prince Harry and Megan Markle have a joint bank account?  – Steve Parsons – WPA Pool/Getty Images Embed Code<iframe src=”https://www.marketplace.org/2018/06/15/world/should-newlyweds-combine-bank-accounts/popout” frameborder=”0″ width=”100%” height=”240px”></iframe> It’s wedding season, and while personal finance isn’t the most romantic thing, it’s important to talk about this time of year. To get some tips on nuptials and money, we spoke with Beth Kobliner, a personal finance writer and author of the…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links