Written By: - Date published: 12:00 pm, February 16th, 2011 - 26 comments
As you know, National has been trying to justify selling off our assets and cutting our public services to pay for tax cuts for the rich by saying that debt is at dangerous levels and we risk a credit downgrade. Numerous commentators have shown that’s false. Now, the final nail in the coffin has come from credit ratings agency Standard & Poor’s.
Written By: - Date published: 11:27 am, June 5th, 2009 - 12 comments
From The Independent: No lasting harm from airport credit downgrade. Analysts and management of Auckland International Airport are unconcerned at Standard & Poor’s downgrading of the airport’s corporate credit and debt rating from A to A-minus. The downgrade will add less than $1 million to the airport’s overall interest bill of around $80 million. If […]