S&P Global Credit Markets Digest.Business Editors NEW YORK--(BUSINESS WIRE)--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: -- 2002 Project, Power & Energy Credit Conference: Testing the Credit Limits -- Blues Going Public -- Regional Transmission Organization in the U.S. West -- Mutual Fund Securitizations: A Surveillance Perspective -- Importance of University Endowment Buildup 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 -- Sleepless Nights Ahead for Global Lodging Sector -- Local Currency Rating Criteria Update: The Importance of Country Risk for Corporate and Infrastructure Sectors -- European Corporates' Poor Disclosure Confirms Pensions as a High-Profile Issue -- The U.S. Telecom Industry: An Overview GLOBAL FIXED INCOME RESEARCH -- U.S. Economic Forecast: A Cold Winter -- 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 -- Exposure to Troubled Merchant Energy Sector May Dim Financial Institutions' Ratings Future STRUCTURED FINANCE -- Global Synthetic Project Finance Debt CDOs: New Opportunities and Challenges -- 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 -- Colombia at a Crossroads -- Japan's Anti-Deflation Package: Another Chance at Reform Missed -- New Turkish Government is Not Expected to Make Major Economic Policy Changes RATING ACTIONS CORPORATE RATINGS -- Tucson Electric Power Tucson Electric Power (TEP) is an electric utility company serving southern Arizona in the United States. It is a subsidiary of the UniSource Energy Corporation. Tucson Electric Park, a baseball stadium on Tucson's south side, is named for TEP. Co.'s Ratings Placed On CreditWatch Negative -- Codelco 'A-' Foreign Currency Rating Affirmed, Local Currency Rating Lowered One Notch to 'A+ -- Quantum Corp. Ratings Lowered to 'BB-', 'B' and Removed From CreditWatch; Outlook Stable -- Austrian Utility Verbundgesellschaft CCR 1. CCR - condition code register. 2. CCR - (Database) concurrency control and recovery. Rtgs Lowered to 'A'; Outlook Stable -- Satelites Mexicanos S.A. de C.V. Rating Placed on CreditWatch Negative FINANCIAL SERVICES RATINGS -- Empire Healthchoice Assurance Inc. 'A-' Ratings Affirmed; Outlook Stable -- DVI (1) (Digital Video Interactive) An earlier compression technique that provided up to 72 minutes of full-screen video on a CD-ROM. Acquired by Intel in 1988 from RCA's Sarnoff Research labs, Princeton, NJ, DVI never caught on. Inc. Ratings Affirmed; Outlook Revised to Negative From Stable -- CNA (Certified NetWare Administrator) See Novell certification. Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Co. Ltd. Ratings Lowered to 'B+'; Off Watch; Outlook Stable; Ratings Withdrawn -- BancInsure Inc. 'A-' Ratings Placed on CreditWatch Negative SOVEREIGN RATINGS -- Outlook on Turkey Revised to Stable After Elections Promise Stability; 'B-/C' Ratings Affirmed LOCAL & REGIONAL GOVERNMENTS RATINGS -- Prince Edward Island Prince Edward Island, province (2001 pop. 135,294), 2,184 sq mi (5,657 sq km), E Canada, off N.B. and N.S. Geography One of the Maritime Provinces, Prince Edward Island lies in the Gulf of St. 'A' Ratings Affirmed, Outlook Stable -- Istanbul's Outlook Revised to Stable Following Turkey Outlook Revision; 'B-' Rating Affirmed -- Spanish Autonomous Community of Navarre's 'AA+' Rating Affirmed; Outlook Stable STRUCTURED FINANCE RATINGS -- Royal & Sun Alliance Insurance Group-Related Transaction Ratings Lowered and Off -- Beneficial Home Equity Loan Ratings Affirmed on Nine Classes from Four Transactions -- NOVA CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the 2001 Ltd. Ratings Lowered on Class C and D Notes, Off Watch; A and B Ratings Affirmed -- Rating on Ford-Related Synthetic Transaction Lowered to 'BB+' RESEARCH ANALYSIS CORPORATES -- International Flavors & Fragrances Inc. -- Bauer AG -- Bombardier Inc. -- Apoteket AB FINANCIAL SERVICES -- Kanawha Insurance Co. -- 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. LOCAL & REGIONAL GOVERNMENTS -- Malaga (City of) SOVEREIGNS -- Farm Credit Canada
Farm Credit Canada (known as Farm Credit Corporation until 2001), or FCC, is Canada's largest agricultural term lender. -- Singapore Power Ltd. |
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