S&P Global Credit Markets Digest.Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 2, 2003
Here is the current lineup of top articles and research from Standard & Poor's:
-- Bank Industry Risk Analysis: France
-- Banks' Exposure to Commercial Real Estate
-- Hurricane Isabel Slams U.S. East Coast Electric Utilities
-- S&P Global Bond Markets' Weakest Links & Monthly Default Rates
-- Standard & Poor's Response to the AICPA's Proposed Statement
of Position on Allowance for Credit Losses
-- Standard & Poor's Updates its HCLTV HCLTV Home Equity Combined Loan to Value
HCLTV High Combined Loan to Value (mortgage) Default Loss Curve
-- With an Eye on Expansion, U.S. Student Loan ABS Issuers Turn
-- Credit Trends of Temasek-Linked Cos. and Implications of
Singapore's Temasek Charter
-- Singapore's Temasek-Linked Cos.: Is Government or Parent
Credit Support Reliable?
-- ONEOK Energy M&T Mitigates Risk in a Risky Business
-- Steel Industry Outlook and Tariff Implications
-- U.S. Electricity Commodity 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. : EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Group PLC
-- Credit FAQ: Eastman Kodak Co.
-- Peer Comparison: U.S. Craft Chains
-- Comparison Report: Global Packaging Companies
-- ROC Report October 2003
-- U.S. Media & Entertainment/Lodging & Gaming Industry Credit
Quality-Thurs., Oct. 2 at 2 p.m.
(For details please see www.ratingsdirect.standardandpoors.com or www.standardandpoors.com. All times U.S. Eastern.)
RESEARCH COMMENT & FEATURE ARTICLES
-- A Critical Eye on MCI's New Governance Practices
-- Industry Report Card Released on U.S. Electric, Gas, and Water
-- European Carmakers' Ratings Unaffected by Block Exemption
Regs, but Dealers' Credit May Slip
-- AWB See House Air Waybill. Implements Ring-Fenced Structure for Wheat Export Business
-- Industry Report Card Released on U.S. Lodging & Gaming
-- Drug Reimportation re·im·port
tr.v. re·im·port·ed, re·im·port·ing, re·im·ports
To bring back into a country (goods made from its exported raw materials).
re·im Faces Obstacles
-- SAFECO Corp. and Subsidiaries Commented On
-- Report Examines Changes to Standard & Poor's Risk-Based
Capital Model for U.S. Insurers
-- Article Discusses Effect of Recent Sept. 11, 2001-Related
Court Ruling on Insurers
-- Global Reinsurer re·in·sure
tr.v. re·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. Downgrades Stem from Poor Profitability, Not
Lack of Capital
GLOBAL FIXED INCOME
-- Fallen Angels Invigorate in·vig·or·ate
tr.v. in·vig·or·at·ed, in·vig·or·at·ing, in·vig·or·ates
To impart vigor, strength, or vitality to; animate: "A few whiffs of the raw, strong scent of phlox invigorated her" European High-Yield Bond Market
-- Assessing the Likely Impact of the New EU Electricity Market
Directives on European Utilities
-- Use of Securitization by U.K. Health Care Providers Set to
-- European Public Sector Covered Bond Collateral Gains
Increasing International Exposure
-- Consensus for Reform Required to Stabilize Japan's Credit
-- Report Discusses Serious Challenges to Modernize Fiscal
Federalism in Russia
-- Criteria Published on Legal Aspects of Rating CMBS CMBS
See: Commercial Mortgage Backed Securities
-- Report Shows Major 'AAA' Rated Bond Insurers' Profits Rose in
2003 First Half
-- Report Published on Effect of Insolvency Jurisdictions for
European Corporate Securitizations
-- Mexico, the New Venue for Consumer Loan Securitization in
-- Rayovac Corp. Ratings Lowered After Completion of Remington
-- SFL's Outlook Cut to Neg, LT 'BBB' Rating Affirmed, ST Rating
Cut to 'A-3' Sophia on WatchNeg
FINANCIAL SERVICES RATINGS
-- Four HVB HVB Hervey Bay, Queensland, Australia (Airport Code)
HVB Hawaii Visitors Bureau
HVB Central-European International Bank (Hungary)
HVB High Volume Breeder (puppy mill) Group Subsidiaries Ratings Off Watch After Spin-Off;
Hypo International Assigned 'A-'
-- Ratings on Dominican Republic Lowered; Outlook Negative
-- Ratings on Mongolia Affirmed at 'B/B'; Outlook Stable
STRUCTURED FINANCE RATINGS
-- Ratings on Various GE Mortgage-Backed RMBS RMBS Residential Mortgage-Backed Securities
RMBS Rambus, Inc. (NASDAQ stock symbol)
RMBS Russian Mortgage-Backed Securities Deals Being
Evaluated Post Corporate Downgrade
-- RJ Reynolds Tobacco Holdings Inc.
-- AES Gener S.A.
-- DaVita Inc.
-- Pactiv Corp.
-- Canadian Tire Corp. Ltd.
-- HSBC Bank Australia HSBC Bank Australia Limited (formerly the Hongkong Bank of Australia Limited) was granted a banking license in 1986 having been established as HSBC Finance Company Limited in 1965. It is part of the worldwide HSBC Group. Ltd.
-- Focus Wickes (Finance) PLC
-- Banque de Financement et de Tresorerie
LOCAL AND REGIONAL GOVERNMENTS
-- Tasmania (State of)
-- Fysikhuset Stockholm KB
-- European Atomic Energy Community European Atomic Energy Community (Euratom or EAEC), economic organization that came into being as the 3d treaty organization of what has become the European Union; established by the Treaty of Rome (1958).
-- New Issue: GSAMP GSAMP Global Strategy for Asthma Management and Prevention Trust 2003-HE2