Originally posted by AtW
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Reply to: Birmingham given AAA credit rating
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Previously on "Birmingham given AAA credit rating"
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Originally posted by Churchill View PostAs a training exercise I was part of a team of Marines who broke into Leicester Prison Leicester (HM Prison) - Wikipedia, the free encyclopedia
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Originally posted by Sockpuppet View PostBirmingham is tulip. Leicester, that's the jewel of the Midlands
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Birmingham is tulip. Leicester, that's the jewel of the Midlands
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Originally posted by AtW View PostMoody’s gave the council a AAA rating, while Standard & Poors’ awarded it a AA+, with a stable outlook – a more positive rating than enjoyed by the United States Federal government.
The agencies said the ratings reflected the council’s track record of managing its finances as well as the Government’s willingness to remain a lender of last resort.
Mike Whitby, leader of the council, said the ratings would help the city to finance its existing services and attract infrastructure investment from overseas sovereign wealth funds.
“We may now not need to borrow from the Government as we have major banks potentially ready to loan to us at rates more competitive than the Government,” he said. “I don’t think we are looking to borrow a considerable amount of money in the near future but it gives us the option.”
Local authorities have sought credit ratings following the Treasury’s decision last autumn to charge more for loans from the Public Works Loan Board (PWLB).
Source: Birmingham given AAA credit rating - Telegraph
That should be enough to build HS3 line to allow all Londoners commute to Bham
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Originally posted by AtW View Post
That should be enough to build HS3 line to allow all Londoners commute to Bham
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Birmingham given AAA credit rating
Moody’s gave the council a AAA rating, while Standard & Poors’ awarded it a AA+, with a stable outlook – a more positive rating than enjoyed by the United States Federal government.
The agencies said the ratings reflected the council’s track record of managing its finances as well as the Government’s willingness to remain a lender of last resort.
Mike Whitby, leader of the council, said the ratings would help the city to finance its existing services and attract infrastructure investment from overseas sovereign wealth funds.
“We may now not need to borrow from the Government as we have major banks potentially ready to loan to us at rates more competitive than the Government,” he said. “I don’t think we are looking to borrow a considerable amount of money in the near future but it gives us the option.”
Local authorities have sought credit ratings following the Treasury’s decision last autumn to charge more for loans from the Public Works Loan Board (PWLB).
Source: Birmingham given AAA credit rating - Telegraph
That should be enough to build HS3 line to allow all Londoners commute to BhamTags: None
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