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S&P Global Credit Markets Digest.


Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 24, 2002

Here is the current lineup of top articles and research from Standard & Poor's:

UPCOMING PUBLICATIONS
-- European Electricity Utilities Report Card

-- Consolidation in the Latin American Banking System

-- Response to Spitzer Settlement for Investment Banks

-- Loan Ratings & Recoveries in the Current Global Economic Climate


PUBLISHED:

RESEARCH REPORTS

CORPORATES

-- Industry Report Card Released on European Consumer Products

-- U.S. Retailers Keep Close Eye on Liquidity

-- Taiwan Bond Funds: Spectacular Growth, Increasing Concerns --

Worldwide Tanker Budgets Could Swell With Oil Spill oil spill: see water pollution.

Regulations, S&P Says

-- Credit Quality in European Capital The term European capital may refer to:
  • the capital of one of the several European countries, see List of European countries and their capitals
  • the Capital of the European Union
 Goods Sector Remains

Strained, Says Industry Report Card

-- Industry Report Card Released on U.S. Capital Goods Capital Goods

Any goods used by an organization to produce other goods.

Notes:
Examples of capital goods include office buildings, equipment, and machinery.
See also: Capital Expenditure, Disinvestment



Capital goods


-- S&P Comments on Downgrades for U.S. Power Projects

GLOBAL FIXED INCOME RESEARCH

-- S&P: Global Defaults Hit Record $157.3 Billion in 2002; EU and

Telecoms Hit Especially Hard

SOVEREIGNS

-- Looking Back, Looking Forward: A January View of Sovereign

Credit Trends

-- Global Financial System Stress

STRUCTURED FINANCE

-- U.S. Commercial Paper Looks to Improve in 2003

-- Bond Insurers' 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  Exposure Is Not Threatening

-- S&P Examines Effect of U.S. Economy on Credit Card Loss Rates,

Bankcard ABS

RATING ACTIONS

CORPORATE RATINGS

-- Avon Energy Partners Rtgs Lowered to 'BB'; Subsids' Rtgs

Lowered to 'BBB-'; On Watch Neg

-- Russian Oil Co. OAO OAO Orbiting Astronomical Observatory
OAO Over and Out
OAO One And Only
OAO Ontario Association of Orthodontists
OAO Owned and Operated
OAO Ontario Association of Optometrists
OAO Opticians Association of Ohio
OAO Orthogonalized Atomic Orbital
 NK Yukos Rated 'BB'; Outlook Stable;

'ruAA+' National Scale Rtg Assigned

SOVEREIGN RATINGS

-- Islamic Development Bank Islamic Development Bank (also known as IDB), is a multilateral development financing institution. located in Jeddah, Saudi Arabia. It was founded by the first conference of Finance Ministers of the Organization of the Islamic Conference (OIC), convened 18 December 1973.  Added to Coverage with 'AAA' Rating

PUBLIC FINANCE RATINGS

-- California Rating Lowered to 'A'

LOCAL AND REGIONAL GOVERNMENT RATINGS

-- City of Prague's Rising Financial Pressures Take Local

Currency Rating Down to A-; Outlook Stable

STRUCTURED FINANCE RATINGS

-- Ratings Raised on Subordinate Notes of Three Northern Rock

U.K. RMBS RMBS Residential Mortgage-Backed Securities
RMBS Rambus, Inc. (NASDAQ stock symbol)
RMBS Russian Mortgage-Backed Securities
 Transactions

-- Deutsche Issues Credit-Linked Notes Through SELECT ACCESS

Investments (No.2) Ltd.

-- Selected United Air Lines Ratings Lowered, Still on

CreditWatch

-- Pamco Cayman Ltd. Rating on Class A-2 Notes Lowered, Off

Watch; A-1 Rating Affirmed

-- Rating on Venantius AB's U.S. CP Program Withdrawn at

Company's Request

RESEARCH ANALYSIS

CORPORATES

-- Dynegy Holdings Inc.

-- Dynegy Inc.

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.


-- Sirius International Insurance Corp.

-- Hongkong and Shanghai Banking Corp. Ltd. (The)

STRUCTURED FINANCE

-- Sweetwater Capital Corp.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 24, 2002
Words:354
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