S&P Global Credit Markets Digest -- Asia-Pacific Update.Business Editors NEW YORK--(BUSINESS WIRE)--June 16, 2003 Standard & Poor's-- ASIA-PACIFIC UPDATE: Here is the current lineup of top articles and research from Standard & Poor's: COMING UP: -- Keys to Success in the Apparel Industry -- Investor Protection for U.S. ABS Like-Kind Exchange Programs -- Accounting Issues Raised by Equity Stakes Among Spanish Banks -- U.S. Banks Exposure to Commercial Real Estate UPCOMING TELECONFERENCES: -- Trends in European Banking; Tues., June 17, 10 AM -- Forest Products Credit Quality; Wed., July 9, 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 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 . , Homebuilder, and Home Center Retail Credit Quality; Tues., July 29, 10 AM All times U.S. Eastern. For complete details see ratingsdirect.com or standardandpoors.com PUBLISHED: RESEARCH REPORTS CORPORATES -- Fierce Competition Major Factor for U.S. Telecommunications, S&P Analyst Says -- Industry Report Card Released on Global Transportation GLOBAL FIXED INCOME -- Convertibles' Appeal Builds in U.S. and Europe PUBLIC FINANCE -- Victoria's 'AAA' Rating: A Comparative Study of Financial and Economic Performance SOVEREIGNS -- Commentary Examines Concerns over Rising Corporate Borrowing in Russia STRUCTURED FINANCE -- Surveillance Summary: Welcome Break Finance PLC RATING ACTIONS: CORPORATE RATINGS -- AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner Rating Still on Watch Neg; Standard & Poor's Tightens Target Leverage Standard -- Petro-Canada Long-Term Ratings Affirmed, CP Raised to 'A-2'; Outlook Revised to Stable -- Roadway Corp. Ratings Placed on CreditWatch Negative -- Masonite International Corp. Ratings Raised to 'BB+' on Improved Profile; Outlook Stable -- Taiwan's Quanta quan·ta n. Plural of quantum. Computer Inc.'s US$300 Million Bond Issue Due 2008 Rated 'BBB-' -- Philippines' Casecnan Water and Energy Co. Notes Lowered to 'B+' -- Powercor Australia, CitiPower, and ETSA ETSA Electricity Trust of South Australia ETSA European Telecommunication Services Association ETSA Extended Topology Synthesis Algorithm ETSA Seaman Apprentice, Electronics Technician Striker (Naval Rating) ; Outlook on ratings to Negative -- Hong Kong's Hutchison Whampoa and Cheung Kong Holdings Rtgs Lowered to 'A-'; Outlooks Negative -- American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. Inc.'s $5.1B Shelf Registration Assigned Preliminary Ratings -- United Technologies Long-Term Ratings on Watch Negative on Plan to Purchase Chubb -- Ratings on Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. Affirmed FINANCIAL SERVICES RATINGS -- QBE Insurance Group Ltd. Sub Notes Rated 'BBB' -- Friends Provident Life and Pensions Ltd. Ratings Lowered to 'A+'; Outlook Stable -- Korea-based National Agricultural Coop's US$400 Million Notes Rated BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. + -- Ratings on Resona Bank Still on Watch; Government Outlines Bailout SOVEREIGN RATINGS -- Israel $750 Mil Global Bond Rated 'A-'; 'A-/A-1' FC, 'A+/A-1' LC Ratings Affirmed; Outlook Neg STRUCTURED FINANCE RATINGS -- Greenwich Capital Commercial Funding Corp. Certificates Ser 2003-C1 Assigned Prelim Ratings -- Preliminary Rating Assigned to Bank One Issuance Trust Class A(2003-6) Notes -- Rating on U.K. ABS Deal Welcome Break Finance PLC B Notes Lowered; All Notes on Watch Neg -- Ratings in Thistle Hotels' U.K. CMBS CMBS See: Commercial Mortgage Backed Securities Transaction HOTELoC PLC Remain on CreditWatch Developing RESEARCH ANALYSES: CORPORATES -- Time Warner Telecom Time Warner Telecom NASDAQ: TWTC is headquartered in Littleton, Colorado. The company provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise Inc. -- DaimlerChrysler AG FINANCIAL SERVICES -- Sun Hung Kai Sun Hung Kai Properties Ltd. (新鴻基) (HKSE: 0086 ) is a listed corporation based in Hong Kong. The company is controlled by the 3 Kwok brothers, whose father, Kwok Tak Seng, founded the company. Collectively, they speak for 43. Properties Insurance Ltd. -- ACE Insurance Ltd. SOVEREIGNS -- Philippines (Republic of) Copyright (c) 2003, Standard & Poor's Ratings Services |
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