Activist shareholder says TransAlta should review assets, take on more debt (The Canadian Press via Yahoo! Canada News)
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Corzine warns property tax relief at risk if state debt not cut (phillyburbs.com)
TRENTON, N.J. - New Jersey Gov. Jon S. Corzine on Wednesday said property tax relief and state aid for local governments would be at risk if the state doesn't find some way to cut its mounting debt and fix troubled finances.
Centro NP senior unsecured debt cut to 'B3' on financial woes - Moody's (Sharewatch)
MUMBAI (Thomson Financial) - Moody's Investors Service downgraded the senior unsecured debt ratings of Centro NP LLC -- formerly New Plan Excel Realty Trust Inc -- to 'B3' from 'B1', as the company moves closer to its refinancing deadline and parent Centro Properties Group discloses additional liquidity and accounting issues.
Braskem's Venezuela Plan May Slow Debt Reduction, Fitch Says (Bloomberg.com)
Jan. 16 (Bloomberg) -- A plan by Braskem SA, Latin America's biggest chemicals maker, to carry out a $3.5 billion investment program in Venezuela may harm the company's effort to reduce debt, according to Fitch Ratings.
Activist shareholder says TransAlta should review assets, take on more debt (The Canadian Press via Yahoo! Canada News)
CALGARY - Power generation company TransAlta Corp. (TSX:TA) said it is reviewing a five-point manifesto from its largest shareholder on ways it can increase its value - including adding more debt to its balance sheet and possible asset sales.
