PRESS DIGEST- British Business - Dec 5
Dec 5 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
March 5 Standard & Poor's Ratings Services raised its rating on Boston, Massachusetts, to triple-A on Wednesday, affecting the city's rougly $1.2 billion of outstanding GO debt
The action came because of S&P's application of its new ratings criteria. The city is expected to sell about $158 million of GO bonds next week.
The rating, which is the highest possible, and stable outlook reflect Boston's strong underlying economy and management, as well as reasonable debt service, pension and retiree healthcare costs, S&P said.
NEW YORK, Dec 4 U.S. Treasury futures prices rose on Sunday after Italian voters were seen rejecting a change to the country's constitution, which was designed to hasten the legislative process.
ROME, Dec 5 Italian Prime Minister Matteo Renzi vowed to resign after suffering a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euzo zone's third-largest economy into political turmoil.