He said the cost of borrowing could be $7.5 million.
At the least it is likely to drive up the cost of borrowing.
If interest rates go up, so will the companies' cost of borrowing.
The savings will more than make up for the cost of borrowing.
But a lower rating does increase a school's borrowing costs.
No, the problem with the industry is not the cost of borrowing, its how they behave.
The bank now charges countries 50 basis points over its cost of borrowing.
The upgrade, which had been expected, could help lower the country's international borrowing costs.
The government's borrowing costs rise because markets see where this is going.
Such late payments can cost the district up to $700 a day in added borrowing costs.