S&P Global Credit Markets Digest\.Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
Oct. 15, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services See Information Systems. :
-- Weak Newsprint Markets Lead to Negative Rating Actions on North American Producers -- Bucking the Trend: Strengthening Bank Creditworthiness in Central & Eastern Europe -- Criteria for Multilateral Lending Institutions -- Increased Public Health Services Use, Decreased Reimbursement Affect Califorina County Credit -- Property Catastrophe Rate Increases Vary by Account Size and Region -- Third Quarter U.S. Oil & Natural Gas Ratings Round-Up -- Oklahoma Gas & Electric Loses Rate Case -- European Airports Remain Profitable, but Face Pressures -- Financial Profiles of European Airports -- Southeast Asian Sovereign Credit Quality: Heading in the Right Direction -- Non-Profit Profits: Not a Contradiction -- Mark-to-Market Accounting For Financial Institutions
-- An Overview of Standard & Poor's Criteria for Hedge Funds
CFOs, Tuesday, Oct. 15 at 11:00 A.M.
-- Standard & Poor's Governance Services: Transparency and
Disclosure Rankings of Companies on S&P 500, Wednesday, Oct.
16 at 10:00 A.m.
(For details please see www.ratingsdirect.standardandpoors.com or www.standardandpoors.com. All times U.S. Eastern.)
-- Industry Report Card Released on European Forest Products
-- Corporate Governance Corporate Governance
The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. as a Factor in Assessing Creditworthiness Creditworthiness
The condition in which the risk of default on a debt obligation by that entity is deemed low.
Eligibility of an individual or firm to borrow money.
-- How is U.K. Private Finance Initiative Risk Changing?
-- U.S. Electric and Gas Utilities Anchoring Their Diversified
-- Mostly Negative Third Quarter Rating Activity For U.S.
-- U.S. Apparel and Textile Industries Pressed by Negative Trends
-- U.S. Retail Credit Quality Still Suffering; Outlook Guarded
-- Credit Decline Slows in Europe's Consumer Goods Sector
-- Credit Stability of Europe's Food Retailers Under Threat
-- European Logistics Operators Poised for Further Industry
-- U.K. Social Housing Sector Experiences Increased Credit Risk
GLOBAL FIXED INCOME RESEARCH
-- U.S. Economic Outlook: A Steady, if Unremarkable, Economic
-- Report: Corporate Governance Underpins Divergent Fortunes of
Japanese, Korean Banks
-- Q3 U.S. Nonprofit Health Care: Downgrades Worsen After Several
Quarters of Improvement
-- Indonesian Government Response to the Fatal Bombing in Bali
Will be Key to Future Prospects
-- Italian Securitization Market on Target for Growth
Expectations After Impressive Third Quarter
-- Negative Equity RMBS RMBS Residential Mortgage-Backed Securities
RMBS Rambus, Inc. (NASDAQ stock symbol)
RMBS Russian Mortgage-Backed Securities in Hong Kong Poses Analytical Challenges
-- New Assets in Securitization Present Challenges and Rewards
-- Credit Scoring Systems Improve Efficiency of Mortgage
-- CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the Market Remains Stable as Market Players Continue to Learn
to Mitigate Credit Volatility
-- Ratings on Thai Cellular Co. Advanced Info Services Affirmed
-- TXU TXU Texas Utilities (Electric and Gas Company)
TXU Transmitter Unit Australia's Rating Lowered to 'BBB'; Outlook Remains
-- TXU Corp. Rtgs Lowered to 'BBB'; Otlk Negative; TXU Europe
Rtgs Lowered to 'B+'/Watch Negative
FINANCIAL SERVICES RATINGS
-- Taiwan's International Commercial Bank of China Lowered to
'A'; Off CreditWatch
-- Ratings Assigned to FirstCaribbean International Bank
FirstCaribbean International Bank (FCIB) is a Barbados-based, publically held Caribbean financial services company formed in 2001 as a joint venture merging the Caribbean operations of Barclays Ltd.
-- Russian MDM (Modular Digital Multitrack) An audio recorder that mixes and records multiple tracks of digital audio. The two major MDM technologies are ADAT and DTRS. See ADAT and DTRS. Bank's Long-Term Rating Raised to 'B-' Based on
Improved Market Position
-- Zurich Life U.S. 'A+' Ratings Removed from CreditWatch and
Affirmed; Outlook Negative
-- Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations
The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group Removed From Watch; 'A+/A-1'
Ratings Affirmed; Outlook Neg
LOCAL & REGIONAL GOVERNMENTS
-- State of Coahuila de Zaragoza, Mexico Upgraded to
STRUCTURED FINANCE RATINGS
-- ZCM ZCM Zenworks Configuration Manager (Novell)
ZCM ZCorp Color Printer
ZCM Zone Center Management
ZCM Zenith Color Monitor Matched Funding Corp.-Related Synthetic Ratings Affirmed
and Removed from CreditWatch
-- MorServ Inc. Ratings Raised and Affirmed on 29 Classes
-- Mandalay Resort Group Mandalay Resort Group was a hotel-casino operator based in Las Vegas, Nevada. Its major properties included Mandalay Bay, Luxor, Excalibur and Circus Circus, as well as half of the Monte Carlo.
-- Tommy Hilfiger, U.S.A. Inc.
-- Sociedad General de Aguas de Barcelona S.A.
-- SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare
staphylococcal enterotoxin B Hypothekenbank AG
-- Scotiabank Sudamericano
-- Dexia Hypothekenbank Berlin AG
-- Nederlandse Waterschapsbank N.V.
-- OJSC OJSC Open Joint Stock Company Joint Bank Lariba Bank
-- Pennsylvania Dental Service Corp. (d/b/a Delta Dental of
-- New Issue: Capital Auto Receivables Asset Trust 2002-4
LOCAL AND REGIONAL GOVERNMENTS
-- Western Australia Treasury Corp.