S&P Global Credit Markets Digest -- European Update.Business Editors NEW YORK--(BUSINESS WIRE)--July 7, 2003 Standard & Poor's--Here is the current lineup of top articles and research from Standard & Poor's: COMING UP: -- Bank Industry Risk Analysis: U.K. -- Bank Industry Risk Analysis: Poland UPCOMING TELECONFERENCES: -- 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, 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 -- Quarterly U.S. Energy Commodity Pricing Report -- Credit FAQ (Frequently Asked Questions) A group of commonly asked questions about a subject along with the answers. Vendors often display them on their Web sites for use as troubleshooting guidelines. : 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 Inc. -- Credit FAQ: Deere & Co. -- Credit FAQ: Caterpillar Inc. -- Weather Derivatives Could Bring a Break in the Clouds for European Energy Utilities -- Strategy and Financial Policy Bolster Five Investment-Grade Energy Companies -- U.S. Power and Energy Sector Credit Quality in Flux; Few Expectations for Near-Term Stability -- Corporate Governance in Korea -- Industry Report Card Released on Aerospace & Defense CORPORATE GOVERNANCE SCORES -- OJSC OJSC Open Joint Stock Company Sibirtelecom Assigned Corporate Governance Score of 'CGS-5.7' FINANCIAL SERVICES -- Industry Report Card: Japan's Non-Life Insurers -- Bank Industry Risk Analysis: Kingdom of Thailand -- Credit FAQ: Japan's Life Insurers -- Report Released on Korean Non-Life Insurance Sector STRUCTURED FINANCE -- ROC Report July 2003 -- First Six Months Gives Mixed Outlook for European CMBS CMBS See: Commercial Mortgage Backed Securities Market in 2003 RATING ACTIONS: CORPORATE RATINGS -- CAB Holdings Ltd. Proposed Secured Bond Assigned 'B' Rating -- Russian Oil Company Rosneft 'B' Ratings Affirmed After Renegotiation of Covenants; Outlook Neg -- Newmont Yandal Placed Into Voluntary Administration; Ratings Lowered to 'D' -- NGC's Ratings On Watch Neg Following Similar Action on AGL (programming) AGL - (Atelier de Genie Logiciel) French for IPSE. -- AGL's Ratings Placed on Watch Neg After Loy Yang A Announcement -- Zimmer Holdings Inc.'s Ratings Remain on Watch Positive -- Hellenic Telecommunications Organization Ratings Lowered to 'A-'; Off Watch; Outlook Stable -- Yahoo Inc.'s Corporate Credit and $750 Million Senior Convertible Notes Rated 'BB+' -- Outlooks to Positive on Four Korean Power Companies; Ratings Affirmed -- AT&T Corp. Ratings Lowered, Off Watch Negative FINANCIAL SERVICES RATINGS -- Everest Re Group Ltd. Preliminary Shelf Ratings Assigned -- Taiwan's China Development Financial Holding 'BBB+/A-2' Ratings Affirmed; Outlook Negative PUBLIC FINANCE -- Ratings on $1.9 Billion of California State University's Debt Placed on CreditWatch Negative -- Ratings on $5.5 Billion of University of California's Debt Placed on CreditWatch Negative -- California GO, Lease Ratings Placed on CreditWatch Negative Due to Budget Uncertainty SOVEREIGNS -- Pakistan's Rupee RUPEE, comm. law. A denomination of money in Bengal. In the computation of ad valorem duties, it is valued at fifty-five and one half cents. Act of March 2, 1799, s. 61; 1 Story's L. U. S. 627. Vide Foreign coins. 2. 31 Billion Bonds Rated 'BB-' -- Jordan Long-Term Ratings Raised to 'BB' Foreign Currency, 'BBB' Local Currency On Expected Debt Decline; Outlook Stable -- Czech Republic 'A-/A-2' Foreign Currency Ratings Affirmed On Expectations of Fiscal Consolidation LOCAL & REGIONAL GOVERNMENTS -- Long-Term 'AA+' Rtg on French Dept of Haut-Rhin Afrm'd; Outlook to Stable Due To Debt Rise -- Rating on City of Acapulco Raised to 'mxA+'; Outlook Revised to Stable STRUCTURED FINANCE -- Delphinus Capital's JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10 Billion Japanese Small Business Loan ABS Assigned Preliminary Ratings -- Members Equity Launches Another RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities Transaction -- 'AAA' Rating Assigned to Vauban Mobilisations Garanties S.A.'s EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 800 Million Notes Issuance RESEARCH ANALYSIS: CORPORATES -- Santos Ltd. -- Boeing Co. -- BP PLC -- Reuters Group PLC FINANCIAL SERVICES -- Aachener und Muenchener Versicherung AG -- Aachener und Munchener Lebensversicherung AG -- Medibank Private Ltd. -- Falcon Insurance Co. (Hong Kong) Ltd. -- HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Bank PLC SOVEREIGNS -- Industrial Bank of Korea The Bank of Korea is the national central bank of the Republic of Korea (South Korea). It was established on June 12, 1950 in Seoul. History The Bank of Korea, the central bank of the Republic of Korea (South Korea) was established on June 12, 1950 under the Bank of Korea -- India (Republic of) -- Japan STRUCTURED FINANCE -- New Issue: SLM See service level management system and spatial light modulator. Student Loan Trust 2003-3 -- New Issue: Alternative Loan Trust 2003-12CB -- New Issue: Structured Asset Securities Corp., 2003-17A Copyright (c) 2003, Standard & Poor's Ratings Services |
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