S&P Global Credit Markets Digest.Business Editors
LONDON--(BUSINESS WIRE)--Standard & Poor's
Nov. 7, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services See Information Systems. :
-- Nabors Industries Ltd. Prepares for the Drilling Boom -- Physical Hedging of Power Prices Has Its Risks...and Rewards -- Regional Transmission Organization in the U.S. West -- Mutual Fund Securitizations: A Surveillance Perspective -- Importance of University Endowment Buildup -- Living Longer has Long-Term Ramifications for State & Local Governments -- Long-Term Supply Contracts and Set-Off Issues -- Results of U.S. Bond, Referendum, and Initiative Ballots
-- Sleepless sleep·less
a. Marked by a lack of sleep: a sleepless night.
b. Unable to sleep.
2. Nights Ahead for Global Lodging Sector
-- New Franchise Proposals Set to Shake Up Performance of U.K.
Train Operating Companies The term train operating company (abbreviated to TOC) is used in the United Kingdom to describe the various businesses operating passenger trains on the railway system of mainland Great Britain under the collective National Rail brand.
-- Japan Corporate Credit Quality Seen as Dull Despite Fewer
Downgrades in Third Quarter
-- Local Currency Rating Criteria Update: The Importance of
Country Risk for Corporate and Infrastructure Sectors
-- European Chemicals Players Show Resilience, But Industry
Future Is Unclear
-- European Corporates' Poor Disclosure Confirms Pensions as a
-- The U.S. Telecom Industry: An Overview
-- Gaming--Less of a Gamble After All in 2002
-- U.S. Energy Merchants Have More Than $90 Billion to Refinance
-- Iraq War Iraq War: see under Persian Gulf Wars.
or Second Persian Gulf War
Brief conflict in 2003 between Iraq and a combined force of troops largely from the U.S. and Great Britain; and a subsequent U.S. Could Lead to Anything From Oil Price Spike or Energy
GLOBAL FIXED INCOME RESEARCH
-- Standard & Poor's Comments on Canadian Credit Quality
-- Enough With the Tricks, Here are Some Treats
-- U.S. Nonfinancial Forecast and Third Quarter 2002 Update Now
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.
-- Taiwan Banks Opt for Cut-Throat Tactics in War of Survival
-- S&P Announces Review of Comparative Asia-Pacific Bank Industry
-- Asia-Pacific Banking: A Comparative Analysis of Industry Risk
-- Bank Industry Overview: Vietnam
-- Bank Industry Overview: Thailand
-- Bank Industry Overview: Taiwan
-- Bank Industry Overview: Singapore
-- Bank Industry Overview: Philippines
-- Bank Industry Overview: Malaysia
-- Bank Industry Overview: Korea
-- Bank Industry Overview: Japan
-- Bank Industry Overview: Indonesia
-- Bank Industry Overview: India
-- Bank Industry Overview: Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov.
-- Bank Industry Overview: China
-- Bank Industry Overview: Australia
-- Exposure to Troubled Merchant Energy Sector May Dim Financial
Institutions' Ratings Future
-- Japanese Securities Companies' Half-Year Results Show Weakness
-- Report: Earnings Pressures Widen the Gap Between Japan's
-- German Landesbanks' Future Unguaranteed Ratings Unlikely to be
in 'AA' Category Post July 2005
-- Tough Times For Japan's Life Insurers Forces Pace of Industry
tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns
1. To put back into proper order or alignment.
2. To make new groupings of or working arrangements between.
-- Industry Report Card Released on U.S. Brokerage Companies
-- Argentine Banks Report Poor First Quarter 2002 as Expected
-- Emerging Market Export Future Flow Ratings Less Volatile Than
Related Corporate and Sovereign Ratings
-- S&P: Conseco-Guaranteed Certificates Lead U.S. RMBS RMBS Residential Mortgage-Backed Securities
RMBS Rambus, Inc. (NASDAQ stock symbol)
RMBS Russian Mortgage-Backed Securities Downgrades
in Third Quarter
-- The Effect of Dependent Rating Changes on ABCP ABCP Asset-Backed Commercial Paper
ABCP Associação Brasileira de Cimento Portland (Brazil)
ABCP Associação Brasileira de Ciência Política
ABCP American Board of Cardiovascular Perfusion
ABCP Associate Business Continuity Planner Ratings
-- New Turkish Government is Not Expected to Make Major Economic
-- Outlook on Turkey-Based Vestel Revised to Stable After Outlook
Revision on Republic of Turkey
-- Outlook Revised to Stable on Mobile Phone Operator Turkcell
After Outlook Revision on Turkey
-- Lion Nathan's Ratings Not Affected by Capital Management
-- Telstra's Uridashi Bonds Assigned 'AA-' Rating
-- United Air Lines Negotiates Debt Deferral; Still Watch
FINANCIAL SERVICES RATINGS
-- London Merchant Securities Plans to Tap GBP GBP
In currencies, this is the abbreviation for the British Pound.
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. 100 million Secured
Bonds due 2026; Ratings Affirmed
-- Ratings on Spain-Based Credit Insurer CyC Raised to 'A+';
-- Royal and Sun Alliance Insurance Group Ratings Lowered to
'A-'; Off Watch; Outlook Developing
-- Grand Commercial Bank Ratings Lowered to 'BB' from 'BB+';
-- Outlook on Four Thai Banks Revised to Stable from Negative
-- Chubb Corp. Ratings Lowered, Off CreditWatch; Outlook Negative
-- Swiss Life The Swiss Life Group is the largest life insurance company of Switzerland. Its seat is in Zurich. The Swiss Life Group has 9300 employees and administers approximately 201 billion Swiss francs. 'A' Ratings Remain On Watch Negative
-- Outlook on Turkey Revised to Stable After Elections Promise
Stability; 'B-/C' Ratings Affirmed
-- Guatemala Ratings Affirmed; Outlook Revised to Negative
-- Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. LC Ratings Lowered One Notch to 'A+/A-1'; FC
Ratings Affirmed; Outlook Stable
LOCAL & REGIONAL GOVERNMENTS RATINGS
-- City of Lausanne 'AA-' Ratings Affirmed After Solid Financial
Performance; Outlook Stable
-- 'AA' Rating Assigned to Region of Marches Notes Due 2018 and
Serviced by Republic of Italy
-- New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. 'AAA' Rating Affirmed on the Strength of Its
PUBLIC FINANCE RATINGS
-- Toronto-Dominion LOC-Backed Municipal Issues on Watch Negative
-- Colorado School District Debt Rating Outlook Revised to
Negative From Stable
STRUCTURED FINANCE RATINGS
-- Atherton Franchisee Loan Funding 1999-A Ratings Lowered on
Various Classes, On Watch Negative
-- No S&P Ratings for NCFE NCFE National Campaign for Freedom of Expression
NCFE National Center for Financial Education (now Institute of Consumer Financial Education)
NCFE Northern Council for Further Education
NCFE National Century Financial Enterprises, Inc. ABS Deals Since 1995 due to Credit
Risk of Receivables
-- CapitalMall Trust
-- Magnum Hunter Resources Inc.
-- McDonald's Corp.
-- L'Air Liquide S.A.
-- Toyota Motor Corp.
-- Gunma Bank Ltd.
-- Nomura Trust and Banking. Ltd.
-- HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) USA Inc.
-- American National Property & Casualty Co. and American
National General Insurance Co.
-- Ceskoslovenska Obchodni Banka A.S.
-- Singapore Power Singapore Power (Abbreviation: SP; Chinese: 新加坡能源有限公司) is a company which provides electricity and gas transmission, distribution services, and market support services to more than a million customers in Ltd.
-- Israel (State of)
-- New Issue: Chase Funding Trust Series 2002-3
-- Surveillance: Longreach CP Ltd. Series 1
-- New Issue: Residential Asset Mortgage Products Inc. 2002-RS5
Copyright 2002, Standard & Poor's Ratings Services