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Debt Reduction for 20-Somethings (US News & World Report)
5 ways to stop paying interest before you turn 30.
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Peru's Foreign Debt Rating Boosted to Ba1 by Moody's (Update2) (Bloomberg.com)
Aug. 19 (Bloomberg) -- Peru's foreign-currency debt rating was raised to within one level of investment grade by Moody's Investors Service as the government pays down foreign debt.
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David Prosser's Outlook: Half-time in the credit crisis and the score is only going to get worse (Independent)
It is a natural instinct to see anniversaries as turning points. But it is already clear that the credit crunch's first birthday 10 days ago was not the moment when the global economy started putting the crisis behind it. Indeed, former IMF chief economist Kenneth Rogoff warned yesterday that the worst may yet be to come – sparking another sell-off on world markets already spooked by concerns ...
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Best Affirms Generali's 'A+' Ratings (Insurance Journal)
A.M. Best Co. has affirmed the financial strength rating of 'A+' (Superior) and issuer credit ratings of "aa-" of Italy's Assicurazioni Generali S.p.A., as well as the debt instruments issued or guar
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Morgan Stanley, Goldman Change Lending Systems (Baseline)
Morgan Stanley, as reported by The Financial Times, is tying its promise to provide financing to hedge fund clients to the price of credit insurance on its own debt, it said.
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Asian markets fall on renewed U.S. credit concerns (Nasdaq)
(RTTNews) - The stock markets across the Asia-Pacific region fell to a two-year low on Tuesday, as fears that the U.S. government will have to bail out the top mortgage finance companies weighed on financial stocks.
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A.M. Best Affirms Ratings of Assicurazioni Generali S.p.A. (Centre Daily Times)
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and issuer credit ratings of "aa-" of Assicurazioni Generali S.p.A. (Generali) (Italy). At the same time, A.M. Best has assigned and affirmed the ratings of the debt instruments issued or guaranteed by Generali. The outlook for all ratings remains stable. (See below for a detailed listing of the companies and ratings.)
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A.M. Best Affirms Ratings of Assicurazioni Generali S.p.A. (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of "aa-" of Assicurazioni Generali S.p.A. . At the same time, A.M. Best has assigned and affirmed the ratings of the debt instruments issued or guaranteed by Generali.
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Morgan and Goldman to Alter Lending Approach, Report Says (New York Times)
Morgan Stanley and Goldman Sachs are responding to the credit crisis with a system that uses the market’s view of their own creditworthiness as a basis for lending decisions, The Financial Times reported.
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Ontario food banks seek 'guerrilla war' on hunger (Toronto Star)
Low-fee credit unions for the poor and a plan to help low-income households pay for heat and hydro are among a broad series of initiatives needed to fight poverty in Ontario, say the province's food banks in a report to be released today.
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