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S&P Global Credit Markets Digest -- Asia-Pacific Update.


Business Editors

NEW YORK--(BUSINESS WIRE)--March 31, 2003

Standard & Poor's--

ASIA-PACIFIC UPDATE:

Here is the current lineup of top articles and research from Standard & Poor's:

COMING UP

-- Developments in the European Newspaper and Magazine Sector

-- Pension Liabilities Pension liabilities

Future liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country.
 at ThyssenKrupp

-- Lower U.S. Office Revenue to Increase Loan Delinquencies,

Adversely Affect Office REITs

-- Effects of Restructuring Legislation on Russian Electricity

Utilities

-- First Emerging Market Default Study

-- Fallen Angels in the Chemical Sector

UPCOMING TELECONFERENCES:

-- Student Loan Sets Record Volume in 2002, Tues., April 1, 11 AM

-- Global Building Materials Building materials used in the construction industry to create .

These categories of materials and products are used by and construction project managers to specify the materials and methods used for .
 Credit Quality, Thurs., April 28, 10

AM

-- North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 Building Materials, Homebuilder, and Home

Center Retail Credit Quality. Thurs., June 12, 10 AM

-- Forest Products Credit Quality, Tues., June 17, 10 AM

All times U.S. Eastern. For complete details see ratingsdirect.com or standardandpoors.com

PUBLISHED:

RESEARCH REPORTS

CORPORATES

-- Industry Report Card: North American Media, Entertainment,

Hotel, and Gaming

-- Industry Report Card Released on German States

-- Industry Report Card Released on European Electricity

Utilities

-- Approaches to Rating U.K. Universities Amid Growing Credit

Diversity

-- Sectoral Report: 2002 Proved Challenging for Canadian Media,

Cable, and Telecom Industries

-- S&P: U.S. Power Generators May Benefit From New EPA EPA eicosapentaenoic acid.

EPA
abbr.
eicosapentaenoic acid


EPA,
n.pr See acid, eicosapentaenoic.

EPA,
n.
 Pollution

Rules

GLOBAL FIXED INCOME

-- Bond Ratings of the S&P 500 Index Scrutinized Under the Credit

Lens

FINANCIAL SERVICES The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 

-- Article Details Changes to U.S. Property/Casualty Capital

Model

-- Article Discusses New Method of Evaluating an Insurer's

Capital Adequacy

-- S&P: New Medicare Insolvency Date Has Limited Implications for

U.S. Health Care

PUBLIC FINANCE

-- Report Published on U.S. States' Budget and Revenue Outlook

-- Report Published on 2002 U.S. Affordable Housing Sector

Ratings and Downgrades

STRUCTURED FINANCE

-- The "Independent Director" Requirement for U.S. Structured

Financing Vehicles

RATING ACTIONS

CORPORATE RATINGS

-- CSR's Long-Term Rating Lowered to 'BBB+' Following Demerger demerger n (Comm) → Abspaltung f, Demerger m  

Approval; Outlook Stable

-- Rinker Group The Rinker Group is an Australian-headquartered multinational building products company. It is listed on both the Australian Stock Exchange and the New York Stock Exchange.  Ltd. Assigned 'BBB+' Rating; Outlook Stable

-- Korea Highway Assigned 'A' Local Currency, 'A-' Foreign

Currency Ratings

-- Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer).

Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc.
, Kraft Ratings May Be Lowered Due To Near-Term

Bonding Concerns

-- Atlas Air Atlas Air is an American cargo airline based in Purchase, New York, United States. It operates scheduled freight flights on an ACMI contract basis for some of the world's leading airlines, flying to 101 cities in 46 countries.  Worldwide Holdings Ratings Lowered on Suspended

Payments, Expanded Restructuring

-- AMERCO Accepts Proposal for New Credit Facility; Unsecured

Debt Still Watch Developing

-- United Air Lines Announces Tentative Pilot Deal; Some Ratings

Still Watch Negative

FINANCIAL SERVICES

-- Promina Group Ltd. General Insurance Businesses Expected To Be

Rated 'A' With Stable Outlook

-- Kazkommertsbank Ratings Raised on Better Environment, Funding

Profile, and Low Loan Growth

SOVEREIGN RATINGS

-- Peru PNS Peripheral nervous system (PNS)
One of the two major divisions of the nervous system. PNS nerves link the central nervous system with sensory organs, muscles, blood vessels, and glands.
100 Million Treasury Bonds Assigned 'BB+' Local

Currency Rating; LT Ratings Affirmed

-- ERAP's ?4 Billion Bond Guaranteed by the Republic of France

Rated 'AAA'

STRUCTURED FINANCE

-- Deutsche Repackaging Vehicle Issues First-to-Default

Credit-Linked Notes

RESEARCH ANALYSIS

CORPORATES

-- KT Corp.

FINANCIAL SERVICES

-- Swiss Life (U.K.) PLC

-- National Bank of Dubai

-- International Moscow Bank

-- ABN AMRO Bouwfonds Nederlandse Gemeenten N.V.

PUBLIC FINANCE

-- Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation).

“KLAX” redirects here. For other uses, see KLAX (disambiguation).

Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX
, California; Transportation,

Airport

STRUCTURED FINANCE:

-- New Issue: SELECT ACCESS Investments (No. 2) Ltd. Series

2003-6

Copyright (c) 2003, Standard & Poor's Ratings Services
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 31, 2003
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