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Selling short

Selling short

Euromoney's coverage of past short selling regulations and questionable events is worth a look today

FX poll 2008:

FX poll 2008:

FX moves to centre stage

Tuesday, July 15, 2008

S&P improves rating outlooks of insurers PZU and PZU Zycie to ‘stable’.





S&P improves rating outlooks of insurers PZU and PZU Zycie to ‘stable’. Credit rating agency Standard&Poor's has changed the rating outlooks for the property and casualty insurer PZU and its life-insurance arm PZU Zycie to "stable" from "negative". The agency also confirmed the ratings of PZU SA and PZU Zycie at ‘A-’. This is the highest possible rating in Poland as a corporate rating could not be higher than the sovereign rating, PZU stressed. The rating action reflects clear-cut progress in the group’s implementation of its modernisation programme, which is supported by one of its key shareholders, the state treasury. The treasury still holds 55% in PZU. The Netherlands-based concern Eureko demands the full implementation of the 1999 privatisation agreement and the 2001 appendix, which give it the right to the majority stake in PZU - now the concern holds 33% minus 1 share. ISB







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