S&P Global Credit Markets Digest -- European Update.Business Editors NEW YORK--(BUSINESS WIRE)--April 10, 2003 Standard & Poor's-- EUROPEAN UPDATE: Here is the current lineup of top articles and research from Standard & Poor's: COMING UP -- Chile: More Trade Please -- Standard & Poor's SF Market Opinion Survey Results: FIN 46 the Wrong Solution to the Right Problem, According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. Market -- Funding-Agreement-Backed Note Issuance Picks Up Slightly in First Quarter of 2003 -- CMS Energy CMS Energy is a public utility supplying electric power and natural gas to most of Michigan. Its headquarters are located in Jackson, Michigan. The company has operated since 1890. Its two principal subsidiaries are Consumers Energy and CMS Enterprises. Improves Its Liquidity Position -- Credit Perspectives of Oilfield Services and Contract Drillers -- Comparison Report: U.S. Mattress Manufacturers -- An Evolving FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. Could Have Implications for U.S. Pharmaceuticals UPCOMING TELECONFERENCES: -- Global Building Materials 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 -- Respiratory Infection Likely to Affect Credit in Greater China -- Deteriorating Road Conditions Ahead for Big 3 Automakers in 2003 -- Report Published on the Potentially Powerful U.S. LNG LNG (liquefied natural gas): see under natural gas. Import Market -- Industry Report Card: Aerospace & Defense GLOBAL FIXED INCOME RESEARCH -- S&P Global Credit Trends: Quarterly Wrap-Up and Forecast Update FINANCIAL SERVICES -- SARS Unlikely to Hurt Emerging Asian Insurers, But Banks May Feel Some Pain -- Bank Industry Risk Analysis: New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. -- Industry Report Card: Singapore Banks -- Can U.S. Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. Business Emerge From California's Shadows? -- Government Package Raises Card Exposure Risks for Korean Banks PUBLIC FINANCE -- The Bond Insurers Are Tested Once Again and Prove Worthy of Investor Trust STRUCTURED FINANCE -- Despite Risks, Viatical vi·at·i·cal adj. 1. or vi·at·ic Of or relating to traveling, a road, or a way. 2. Of or relating to a contractual arrangement in which a business buys life insurance policies from terminally ill patients for a percentage and Senior Settlement Securitizations Still Draw Attention RATING ACTIONS CORPORATE RATINGS -- News Corp. to Acquire 34% of Hughes Electronics Corp; Hughes Ratings on Watch Positive -- Panva Gas Rated 'BB+'; Outlook Stable -- Altria Group, Inc.'s and Kraft Food Inc.'s Ratings Lowered and Partially Delinked -- General Motors Corp. Outlook Negative As Challenges Mount for Big 3 -- Mirant Corp.'s, Subs' Ratings Lowered to 'B'; on Watch Neg -- Dutch Retailer Vendex Outlook Revised to Negative on Weak Debt Measures; Ratings Affirmed -- News Corp. Ratings Affirmed Following Plan to Acquire 34% Stake in Hughes -- Rating on Sutton Bridge Financing's GBP GBP In currencies, this is the abbreviation for the British Pound. 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. 195 Mil, $150 Mil Sec'd Bonds Cut to 'BBB-'; Off Watch -- Outlook on Globe Telecom Inc's 'BB' Rating to Positive From Stable FINANCIAL SERVICES RATINGS -- Indonesia's Bank Mandiri's Proposed US$200 Mil. Five-Year Notes Rated 'B-' -- The Chubb Corp.'s $2.5B Shelf Assigned Preliminary Ratings STRUCTURED FINANCE RATINGS -- All Tobacco Settlement Revenue and Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Settlement Deals Remain on CreditWatch Negative SOVEREIGN RATINGS -- Kingdom of Denmark 'AAA/A-1+' Ratings Affirmed; Outlook Stable RESEARCH ANALYSIS CORPORATES -- General Motors Corp. -- DaimlerChrysler AG -- Ford Motor Co. -- Matsushita Electric Industrial Co. Ltd. FINANCIAL SERVICES -- Entenial -- Banco de Sabadell S.A. -- Lumley General Insurance (N.Z) Ltd. -- UniCredito Italiano SpA LOCAL AND REGIONAL GOVERNMENTS -- Seoul Metropolitan Government Copyright (c) 2003, Standard & Poor's Ratings Services |
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