The rating on DBJ reflects its status as a government-related entity (GRE) and a financial institution that is 100% owned by the government, as well as our assessment of its stand-alone credit profile. Because of its critical policy role, we believe DBJ has an extremely high likelihood of receiving
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Report Looks At Likely Effect Of New Internet Sales Taxes On State Coffers
As states are passing laws requiring internet retailers to collect sales tax, Standard & Poor’s Ratings Services, in a report published today, said that it does not think that the amount of revenue states are foregoing by not collecting tax on internet sales is significant enough to influence อ่านต่อ…
BNP Paribas reiterates strong and recurrent profit-generating capacity
Since the beginning of the week there have been all kind of rumours regarding the eurozone and France. Competent authorities made clear that they were unfounded. In particular, Standard and Poors, อ่านต่อ…
Global Debt Maturities Total $8 Trillion Through 2015, Article Says
So far in 2011, debt issuance has been strong, and Standard & Poor’s expects that most corporate entities will be able to meet their refinancing needs through the rest of the year. However, the amount of maturing debt increases significantly in the following years, and demand for corporate debt อ่านต่อ…
ONYX Hospitality Group launches new sivara spa at Amari Residences Bangkok
ONYX Hospitality Group, an Asias leading hospitality provider, recently announced the launch of its new Sivara Spa at Amari Residences Bangkok on Soonvijai Road offering the global standards of service and professional therapists that have become synonymous with the Sivara Spa อ่านต่อ…
Affinia Group Inc. ‘CCC+’ Senior Note Rating Unchanged After Upsizing To $100 Million; Recov. Rtg. Still ’6′
Standard & Poor’s Ratings Services today said that its ‘CCC+’ issue-level and ’6′ recovery ratings on Affinia Group Inc.’s recent offering of notes remain unchanged after the amount was raised to $100 million from $75 million. The notes are an addition to Affinia’s $267 million, 9% senior อ่านต่อ…
U.S. Maturities Should Be Manageable Over Next Five Years, Except For Single ‘B’ Issuers, Article Says
U.S. corporations will see a meaningful amount of debt come due in the next two years. According a report published today by Standard & Poor’s, that debt amount should be manageable. However, the maturity schedule will ramp up over the next three years for speculative-grade firms. Standard อ่านต่อ…
There Are Reasons For Issuing Debt Besides Needing Money, Says Report
Issuance of speculative- and investment-grade debt, convertible debt, and bank loans has all risen in recent months-even as companies generally have maintained large amounts of cash on their books. The reasons behind this phenomenon are examined in a report released today by Standard & Poor’s อ่านต่อ…
StanChart and ABC set up business cooperation task force for future joint ventures
Standard Chartered Bank (Standard Chartered) and Agricultural Bank of China Limited (ABC) announced today that they have made substantial progress in forging strategic co-operation between the two Banks since inking their Memorandum of Understanding (MOU) in June this อ่านต่อ…
Texas Rare Earth Resources Corp. Announces Lease on Heavy Rare Earth Deposit at Round Top Mountain
Texas Rare Earth Resources Corp. (Pink Sheets: SDSR), formerly Standard Silver Corporation, announced today it has executed a 20 year lease ("Lease") with the Texas General Land Office covering 860 acres at Round Top Mountain in Hudspeth County, Texas ("Round อ่านต่อ…
International experts limit Melamine levels in food
The maximum amount of melamine allowed in powdered infant formula is 1 mg/kg and the amount of the chemical allowed in other foods and animal feed is 2.5 mg/kg, according to new rulings from the United Nations’ food standards body, Codex Alimentarius อ่านต่อ…
Moulton Niguel Water District, CA’s COPs Assigned ‘AA+’ Rating On Strong Financial Position
Standard Poor’s Ratings Services assigned its ‘AA+’ long-term rating to Moulton Niguel Water District, Calif.’s series 2009A and 2009B certificates of participation (COPs). The outlook is stable.
"The rating reflects our view of the district’s strong financial position, which we believe is อ่านต่อ…
Speculative-Grade Issuers Are Gaining An Audience As Market Conditions Improve, Article Says
The share of U.S. corporate speculative-grade ratings continues to decline as defaults from this segment mount, said an article published today by Standard Poor’s, titled "U.S. Ratings Distribution: Improving Market Conditions Enable Speculative-Grade Issuers To Come To Market อ่านต่อ…
IHC Health Services Inc., UT’s 2009 Hospital Revenue Bonds Rated ‘AA+’
Standard Poor’s Ratings Services assigned its ‘AA+’ long-term rating to Riverton, Utah’s $250 million hospital revenue bonds series 2009, issued for IHC Health Services Inc., the obligated group of Intermountain Health Care (Intermountain).
We also affirmed our ‘AA+’ unenhanced ratings, ‘AA+’ อ่านต่อ…
More Low-Rated Issuers Amplify Default Risk, Article Says
The share of U.S. speculative-grade ratings continues to decline as mounting defaults from this segment shrink the pool of speculative-grade entities, said an article published yesterday by Standard Poor’s. Of the 2,858 rated issuers, 49.51% are speculative grade, down from 49.60% at the end of อ่านต่อ…
5-day Japan excursion at 31,900 baht
Standard Chartered Bank (Thai) in cooperation with Thai Sky World Tours offers a special price for Japan excursion at 31,990 baht per person.
The package include accommodation in Tokyo for 5 days and 3 nights, package tour of Fuji Mountain, cruise in Achi Lake, visit Asakusa Temple. The offer อ่านต่อ…
AsiaNet Daily Summary – Press Releases for Wednesday August 12, 2009
NEW DMR ASSOCIATION…
LONDON – Several of the world’s leading device and network suppliers in
digital radio services today announced the launch of the new DMR Association.
Created by founding members of the DMR MOU Association which focused on helping
establish the standard, this new อ่านต่อ…
Rising U.S. Debt Doesnt Necessarily Mean Inflation Is Lurking, Report Says
When U.S. government deficit spending began mounting to record levels this year to stimulate the economy out of a deepening recession, some raised the specter that the dark days of double-digit inflation might soon return. But according to a new report published today by Standard Poor’s Ratings อ่านต่อ…
Metropolitan Wastewater Reclamation District, CO’s Series 2009A&B Bonds Rated ‘AAA’; Existing Bonds Raised To ‘AAA’
Standard Poor’s Ratings Services assigned its ‘AAA’ rating, and stable outlook, to the Metropolitan Wastewater Reclamation District, Colo.’s series 2009A (tax-exempt) and 2009B (taxable direct payment Build America Bonds), in the amount of $250 million. At the same time Standard Poor’s raised its อ่านต่อ…
Weakest Links Ease To 285 As Defaults Mount, Article Says
The number of global weakest links continued to decline to 285 as of July 17, 2009, from 290 in June and a record high of 300 in April. The decline was largely attributable to the sharp rise in defaults, many of which were weakest links, said an article published today by Standard อ่านต่อ…
Washington State’s Various-Purpose, Motor Vehicle Fuel Tax, And Taxable GO Bonds Rated ‘AA+’; Bonds Outstanding Affirmed
Standard Poor’s Ratings Services assigned its ‘AA+’ long-term rating, and stable outlook, to the state of Washington’s series 2010A various-purpose general obligation (GO) refunding bonds, its 2010B motor vehicle fuel tax (MVFT) GO bonds, and its 2010T taxable GO bonds, in the total amount of $765 อ่านต่อ…
Funding Constraints Raise The Number Of Prepackaged Bankruptcy Filings To An Eight-Year High, Article Says
Data from the first quarter of 2009 indicate that the count of prepackaged bankruptcy filings is already at an eight-year high, said an article published today by Standard Poor’s. And in terms of amount outstanding, the volume of prepacks is at a record high within the past decade.
A prepack is อ่านต่อ…
Fitch Ratings India signs MoU with Canara Bank for bank loan ratings
Fitch Ratings India and Canara Bank have signed a Memorandum of Understanding (MoU) for Bank Loan Ratings. Under this MoU, Fitch will assign ratings to Canara Banks loans and other exposures extended to both its existing and potential borrowers.
Under the standardised approach of the Reserve Bank อ่านต่อ…
King County Fire Protection District No. 16 (Northshore), WA’s Series 2009 GO Bnds Assigned ‘AA+’ Rtg; Outlook Is Stable
Standard Poor’s Ratings Services assigned its ‘AA+’ long-term rating, with a stable outlook, to King County Fire Protection District No. 16 (Northshore), Wash.’s series 2009 unlimited-tax general obligation bonds.
A covenant to levy taxes without limitation as to rate or amount, together with อ่านต่อ…
San Diego Public Facilities Financing Authority, CA’s Senior Sewer Bonds Rated ‘A+’
Standard Poor’s Ratings Services assigned its ‘A+’ long-term rating, and stable outlook, to San Diego Public Facilities Financing Authority, Calif.’s series 2009A and 2009B senior sewer revenue and senior sewer revenue refunding bonds, in the amount of $875.425 million, issued for the city of San อ่านต่อ…