MUMBAI (Thomson Financial) - Moody's Investors Service said it has assigned an 'Aa2' rating to Oversea-Chinese Banking Corp Ltd's proposed SGD fixed rate subordinated notes due 2017, callable with step-up in 2012.

The ratings agency said that the ratings drives from the bank's strong financial fundamentals, as well as its entrenched position in its home market of Singapore, as seen in the bank's financial strength rating of 'B'.

The ratings also incorporate a very high probability of systemic support, if needed, given the bank's high national market share and relative importance to Singapore's financial system, Moody's said.

The bank's other ratings are senior unsecured debt rating of 'Aa1', junior subordinated debt rating of 'Aa2', short-term deposit and commercial paper rating of 'prime-1' and preference share rating of 'Aa3'.

TELUS Reports Third Quarter Results

TELUS Corporation today reported that third quarter 2007 revenue increased 4.5 per cent to $2.31 billion from a year ago. The performance was driven by nine per cent growth in both wireless revenue and wireline data revenue, partially offset by declines in local and long distance wireline revenues. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 3.6 per cent to $987 million due to an increase in wireless EBITDA of eight per cent, while wireline EBITDA decreased by one per cent.

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Goshen church celebrates 175 years

First United Methodist Church, Goshen, is celebrating its 175th anniversary with a special service Sunday.Worshipers who attend the 9 a.m. service at the downtown campus on Fifth Street will join with those who attend the 9 a.m. and 11 a.m. services at the Life Center on Plymouth Avenue for a 10 a.m. "One Voice" celebration service at the Life Center. As part of the day's celebration, the church will burn the mortgage for the Life Center. Each family in the congregation received a miniature copy of the mortgage to bring to the celebration to burn.The past several weeks the church has been holding a campaign to eliminate the rest of the debt owed on the facility. That indebtedness began at $2.7 million and on Tuesday was finished being paid off.Beginning in January, First Church will begin a six-month church-wide visioning process.

PEORIA: YWCA needs money

PEORIA - The YWCA of Peoria is in need of money.

For more than a century, the organization has held firm to its commitment of providing a safe haven and education for women and has grown to help families with housing and health and child care. It now needs help itself.

Pam Schubach, the organization's longtime director, says the not-for-profit is seeing grant resources run dry, is having tough times raising local donations and has had a string of bad luck.

During the next 12 to 18 months, "We need some major gifts," Schubach said. The YWCA hopes to raise about $2 million, what advisors say would help it handle its debt load.

Other outside variables, such as higher utility costs and economic factors, have led to more people seeking help - resources in the local community only the YWCA are providing.