Korea Resources Corp. Rating Lowered To ‘A’ On Persistent High Leverage; Outlook Stable

          HONG KONG (S&P Global Ratings) Nov. 24, 2017--S&P Global Ratings today lowered its corporate credit rating on Korea's sole mandated mineral resources policy arm Korea Resources Corp. (KORES) to 'A' from 'A+'. The outlook is stable. We also lowered our ratings on the company's senior unsecured bonds to 'A' from 'A+'. We took the same action on the bonds that are issued by subsidiary, Minera y Metalúrgica del Boleo, S.A.P.I. de C.V., and guaranteed by KORES. 
          We downgraded KORES because we expect the company's financial metrics will remain weak over the next 12-24 months. Debt levels will rise due to weak, although improving, operating performanc อ่านต่อ…

Pinnacle Series Trust 2017-T1 Prime RMBS Assigned Ratings

MELBOURNE (SP Global Ratings) Nov. 24, 2017-SP Global Ratings today assigned ratings to five of the six classes of prime residential mortgage-backed securities (RMBS) issued by BNY Trust Co. of Australia Ltd. as trustee for Pinnacle Series Trust 2017-T1 (see list).
The ratings reflect:
– Our อ่านต่อ…

Gansu Highway’s Euro-Denominated Notes Rated ‘BBB-‘

SINGAPORE (SP Global Ratings) Nov. 23, 2017-SP Global Ratings today assigned its ‘BBB-‘ long-term issue rating to the euro-denominated senior unsecured notes to be issued by Gansu Provincial Highway Aviation Tourism Investment Group Co. Ltd. (Gansu Highway: BBB-/Stable/-). The issue rating is อ่านต่อ…

Dreams Funding Corp. RMBS ‘AAA (sf)’ Ratings Affirmed

TOKYO (SP Global Ratings) Nov. 22, 2017-SP Global Ratings today said it has affirmed its ‘AAA (sf)’ ratings on the class A-2, L-3, and M-2 bonds issued in the Dreams Funding Corp. transaction (see list below). The class A-1, L-1, L-2 and M-1 bonds have already been fully redeemed.The affirmations อ่านต่อ…

Ratings Affirmed On Two Classes From Page Eight Funding LLC

OVERVIEW
– Page Eight Funding LLC’s loan issuance is a rated retail warehouse loan facility with a 24-month revolving period that is secured by subprime auto loan receivables from Consumer Portfolio Services Inc. (CPS).
– We affirmed our ratings on the class A and B loans.
– The affirmation อ่านต่อ…