S&P Global Credit Markets Digest.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 11, 2002 Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services See Information Systems. : COMING UP: -- Tax-Exempt Housing: Challenges and Opportunities -- 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 UPCOMING TELECONFERENCES -- Global Sector Review: Consumer Products Industry, Wednesday, Nov. 13 at 10:00 A.M. -- Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Outlook, Thursday, Nov. 14 at 2:00 P.M. (For details please see www.ratingsdirect.standardandpoors.com or www.standardandpoors.com. All times U.S. Eastern.) PUBLISHED: RESEARCH REPORTS CORPORATES -- U.S. Newspaper Firms in Midst of Recovery Despite Uncertain Industry Outlook -- 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 -- 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 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 -- Ratings On WPS See Windows Printing System and Workplace Shell. (unit) wps - (Obsolete) Words per second (mostly used for Telex and TWX transmission). Resources Corp. Lowered To 'A'; Various Rating Actions On Debt Issues -- Time Warner Telecom Time Warner Telecom NASDAQ: TWTC is headquartered in Littleton, Colorado. The company provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise Inc. Ratings Affirmed and Removed From CreditWatch; Outlook Negative FINANCIAL SERVICES RATINGS -- Outlook on Malaysia's RHB Bank Revised to Stable From Negative -- Hang Seng Hang Seng An index of the leading stocks on the Hong Kong stock market. Notes: The Hang Seng Index (HSI) comprises different stocks that are representative of the whole Hong Kong market. See also: DAX, Index, Nikkei, S&P 500 Insurance Co. Ltd. Assigned 'A+' Ratings; Outlook Stable -- Hang Seng Life Ltd. Assigned 'A+' Ratings; Outlook Stable -- UnumProvident's $1.5B Shelf Assigned Preliminary Ratings; Outlook on Unum Revised -- Prudential Securities Group Inc. and Affiliate Ratings Removed from CreditWatch and Affirmed -- Aon Corp. Ratings Affirmed, Off CreditWatch, Outlook Stable SOVEREIGN RATINGS -- Kingdom of Bahrain's Proposed Islamic Leasing Bonds Assigned 'A-' Rating -- Outlook on Turkey Revised to Stable After Elections Promise Stability; 'B-/C' Ratings Affirmed LOCAL & REGIONAL GOVERNMENTS RATINGS -- City of Santa Catarina, Nuevo Leon, Mexico -- Istanbul's Outlook Revised to Stable Following Turkey Outlook Revision; 'B-' Rating Affirmed STRUCTURED FINANCE RATINGS -- First Ever Cross-Border Korean RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities 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. Assigned Preliminary 'AAA' Rating -- Ratings Assigned to Nippon Shinpan's JPY JPY In currencies, this is the abbreviation for the Japanese Yen. 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. 60.9 Billion Card Loan ABS RESEARCH ANALYSIS CORPORATES -- Goodman Fielder Ltd. -- International Flavors & Fragrances Inc. -- Bombardier Inc. FINANCIAL SERVICES -- UFJ UFJ United Financial of Japan (bank) UFJ Upper Flex Joint Australia Ltd. -- AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery China Region Insurance Co. (Bermuda) Ltd. -- 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. STRUCTURED FINANCE -- New Issue: RFMSI Series 2002-S12 Trust Copyright 2002, Standard & Poor's Ratings Services |
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