S&P Global Credit Markets Digest.Business Editors LONDON--(BUSINESS WIRE)--Standard & Poor's Nov. 8, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services See Information Systems. : COMING UP: -- 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 PUBLISHED: RESEARCH REPORTS CORPORATES -- Dynamic Hedging Dynamic hedging A strategy that involves rebalancing hedge positions as market conditions change; a strategy that seeks to insure the value of a portfolio using a synthetic put option. of Power Assets Demystified -- S&P Comments on Electricity Transmission in the U.S. Northwest -- Nabors Industries Nabors Industries Ltd. (NYSE: NBR) founded in 1968 as Anglo Energy, Ltd. (formerly AMEX: AEL), and currently based in Hamilton, Bermuda, is an S&P 500 oil, natural gas and geothermal drilling contractor operating on land throughout the Americas, the Middle East, Inc. Prepares for the Drilling Boom -- Sleepless Nights Ahead for Global Lodging Sector -- New Franchise Proposals Set to Shake Up Performance of U.K. Train Operating Companies -- 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 High-Profile Issue -- The U.S. Telecom Industry: An Overview -- Gaming -- Less of a Gamble After All in 2002 GLOBAL FIXED INCOME RESEARCH -- S&P: Weakest Links & Monthly Default Rates for Global Bond Markets -- S&P: Despite Brazilian Uncertainty, Emerging-Market Corporate Credit Quality Relatively Stable -- Japan Corporate Credit Quality Seen as Dull Despite Fewer Downgrades in Third Quarter -- Standard & Poor's Comments on Canadian Credit Quality 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 Risk Analysis -- 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 STRUCTURED FINANCE -- Emerging Market Export Future Flow Ratings Less Volatile Than Related Corporate and Sovereign Ratings PUBLIC FINANCE -- S&P Revises State Revolving Funds A revolving fund is a fund or account whose income remains available to finance its continuing operations without any fiscal year limitation. Within federal and state governments, law establishes revolving funds. and Long-Term Pool Ratings Criteria -- New Rating Criteria for State Revolving Funds and Long-Term Pools LOCAL & REGIONAL GOVERNMENTS -- Fiscal Pressure and Tax Increases Challenge Swedish Municipalities' Long-Term Credit Quality SOVEREIGNS -- Japan's Anti-Deflation Package: Another Chance at Reform Missed -- After Brazil's Elections -- New Turkish Government is Not Expected to Make Major Economic Policy Changes RATING ACTIONS CORPORATE RATINGS -- SpectraSite Holdings to File for Bankruptcy; Unit Remains on CreditWatch -- Ericsson LT Corporate Credit Rating Lowered to 'BB' After Continued Weak Market Conditions -- Fresh Del Monte Produce Fresh Del Monte Produce (NYSE: FDP) is a major producer and distributor of fruit and other agricultural products. The company came into existence in its current form in 1996, after a change of ownership. Inc. Upgraded to 'BB' on Improved Credit Measures; Outlook Stable -- Leica Geosystems Leica Geosystems (formerly known as Wild Heerbrugg or just Wild) based in eastern Switzerland produces products and systems for surveying and geographical measurement (geomatics). Holdings AG Long-Term 'BB' Ratings Affirmed; Off CreditWatch -- Outlook on Turkey-Based Vestel Revised to Stable After Outlook Revision on Republic of Turkey FINANCIAL SERVICES RATINGS -- Tenet Healthcare Corp. Ratings Lowered and Placed on CreditWatch Negative -- HCC Insurance Holdings HCC Insurance Holdings, Inc. Ratings Affirmed; HCC HCC Hepatocellular Carcinoma (liver cancer) HCC Hertfordshire County Council (administrative region of south eastern England UK) HCC Harford Community College (Maryland) Life, HCC Specialty Units Rated 'AA'; Otlk Stable -- ACUITY a Mutual Insurance Co. Assigned 'A-' Ratings; Outlook Stable -- Royal & Sun Alliance Insurance Australian & NZ Rtgs Lowered to 'A-'; Off Watch; Outlook Dev -- Outlook on Export Credit Bank of Turkey Revised to Stable; 'B-/C' FC Ratings Affirmed SOVEREIGN RATINGS -- Outlook on Turkey Revised to Stable After Elections Promise Stability; 'B-/C' Ratings Affirmed LOCAL & REGIONAL GOVERNMENTS RATINGS -- Istanbul's Outlook Revised to Stable Following Turkey Outlook Revision; 'B-' Rating Affirmed -- Spanish Autonomous Community of Navarre's 'AA+' Rating Affirmed; Outlook Stable -- 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 PUBLIC FINANCE RATINGS -- Port Authority of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & New Jersey $325 Million Bonds Rated 'AA-' -- Toronto-Dominion LOC-Backed Municipal Issues on Watch Negative STRUCTURED FINANCE RATINGS -- Rating on Ford-Related Synthetic Transaction Lowered to 'BB+' -- Ratings on RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities 'AA-' Tranches Affirmed; Watch Developing; No Rating Action 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 Conduits -- Paine Webber Mortgage Acceptance Corp. IV Ratings Affirmed on 76 Classes -- CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Home Equity Loan Trust Ratings Raised, Affirmed on 38 Classes of Home Equity Loan Certs RESEARCH ANALYSIS CORPORATES -- International Flavors & Fragrances Inc. -- Bauer AG -- Bombardier Inc. -- Apoteket AB FINANCIAL SERVICES -- F. van Lanschot Bankiers N.V. -- DeltaCredit Bank -- Nacional de Reaseguros SA -- Allstate Insurance Co. -- Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. Insurance Co. Ltd. SOVEREIGNS -- Singapore Power Ltd. Copyright 2002, Standard & Poor's Ratings Services |
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