State’s short-term debt ratings suffer (San Francisco Chronicle)

California’s cash crisis is causing investors to back away from its short-term debt, which is increasing the state’s borrowing costs at a time it can ill afford it. In the most striking example, the tax-free yield on California’s commercial paper – which is… Sponsored Topics: Money market – Commercial paper – California – Financial Services – Business

Bawkena Refinances 3.7 Billion Rand of Debt, Business Day Says (Bloomberg)

July 7 (Bloomberg) — The Bakwena Platinum Corridor Concession has refinanced 3.7 billion rand ($464 million) of the infrastructure project’s debt, Business Day reported, without saying where it got the information.