| Fitch Rates Virginia Public School Authority's $117MM 2007A Bonds ...
NEW YORK-(Business Wire)-April 5, 2007 - Fitch Ratings assigns an 'AA+' rating to $117.3 million Virginia Public School Authority (VPSA) school financing bonds (1997 resolution), series 2007A, expected to sell via competitive bids on April 11. Fitch also affirms the 'AA+' rating on $2.7 billion outstanding VPSA 1997 resolution bonds. The Rating Outlook is Stable. .
Japan's 2007 Budget Plan Is Approved By Upper House (Update1)
``But this situation won't last forever, and we have to figure out how to push forward fiscal reform'' taking interest rates into account. Omi said interest-rate levels are the domain of the central bank though that doesn't mean the government welcomes higher borrowing costs. The Bank of Japan's monetary policy should support economic growth, he added. The finance minister said the budget enables the government to take a step toward the elimination of the fiscal deficit. Omi said last year that the deficit could be overcome before the government's target date of 2011. The so-called primary deficit, the gap between revenue and spending excluding debt issuance and interest payments, will decline to 4.4 trillion yen in fiscal 2007 from 11.2 trillion yen in the period ending March 31, improving for a fourth year.
Payday Loan Companies Agree To Cease Debt Lawful Collection In ...
In the agreement, Advance America agreed to permanently discontinue its practice of contacting consumers in person at their homes in West Virginia, and its practice of leaving door hangers for consumers when they are not home when attempting to collect alleged debts in West Virginia. West Virginia Attorney General Darrell McGraw announced a settlement agreement with four affiliates of the nations largest payday lender, Advance America, Cash Advance Centers, Inc. (Advance America) of Spartansburg, South Carolina. The companies agreed to cease engaging in certain debt collection practices that concerned McGraws office. .
Home buyers get yet another jolt from HDFC
MUMBAI: The country's largest housing finance company HDFC has raised lending rates by 75 basis points for new customers, while interest rates for existing customers is up 50 bps. HDFC's rates after the hike are still cheaper than its nearest rival ICICI Bank which announced a rate hike on Saturday. HDFC's floating rate loan for new customers is now pegged at 11.25%, while customers borrowing at a fixed rate will be charged 13.25%. Its prime lending rate (PLR) has now been revised to 14.25%, up from 13.5%. Meanwhile, HDFC Bank and UTI Bank have both raised PLR from 14% to 15% on Monday. Last week, ICICI Bank raised its benchmark advance rate to 15.75%, while Yes Bank raised its PLR to 14.75%. State-owned banks are yet to take a view on their lending rates. A number of banks are considering to raise their lending rates after the Reserve Bank of India (RBI) announced an increase in cash reserve ratio, repo rate and a reduction on interest paid on CRR.
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