Wednesday September 19, 2018 08:49

Stcoks Press Release : 05 Apr 2017

Photo Release: SCB to strengthen SME networks with 14th SCB SME Intelligent Entrepreneur Program Stcoks—05 Apr 17

Siam Commercial Bank is cooperating with Chulalongkorn University's Faculty of Commerce and Accountancy to hold the opening ceremony of the 14th SCB SME Intelligent Entrepreneur Program (SCB IEP). Aiming to strengthen the competitiveness of Thai SMEs,

Li Fung Ltd. Outlook Revised To Negative On Continuing Weak Operating P #BBB+# Rating Affirmed Stcoks—05 Apr 17

HONG KONG--5 Apr--S&P Global Ratings

HONG KONG (S&P Global Ratings) April 5, 2017--S&P Global Ratings said today that it had revised its outlook on Li & Fung Ltd. to negative from stable. At the same time, we affirmed our 'BBB+' long-term corporate credit rating and our 'cnA+' long-term Greater China regional scale rating on the Hong Kong-based trading and logistics company.

We also affirmed our 'BBB+' long-term issue rating and 'cnA+' long-term Greater China regional scale rating on Li & Fung's outstanding senior unsecured notes. We also affirmed our 'BBB-' long-term issue rating and 'cnA-' Greater China regional scale rating on the company's subordinated debt.

"We revised the outlook because we expect Li & Fung's trading sales and margins to continue to decline over the next 12-24 months as a result of increasingly challenging retail operating conditions," said S&P Global Ratings credit analyst Lillian Chiou. "The company's weak operational results over the past few years suggest a deterioration in its competitiveness and capability to adjust to disruptions in the global retail industry."

We expect Li & Fung's revenue to decline by 2%-4% in 2017, compared with an 8.3% drop in 2016 (excluding asset sales). That's primarily due to a lower base of the trading business and a gradual easing of

PT Tower Bersama Infrastructure #BB-# Rating Affirmed On Resilient Operating P Outlook Stcoks—05 Apr 17

SINGAPORE (S&P Global Ratings) April 5, 2017--S&P Global Ratings said today that it had affirmed its 'BB-' long-term corporate credit rating on PT Tower Bersama Infrastructure Tbk. (TBIG). The outlook is stable. We also affirmed our 'BB-'

AFG 2010-1 Trust - Warehouse Series No.2 RMBS Ratings Affirmed After Note Issuance Stcoks—05 Apr 17

MELBOURNE (S&P Global Ratings) April 5, 2017--S&P Global Ratings today affirmed its ratings on the four classes of residential mortgage-backed securities (RMBS) issued by Perpetual Corporate Trust Ltd. as trustee for AFG 2010-1 Trust - Warehouse

Korea South East Power Co. Ltd.#s Proposed U.S. Dollar Unsecured Bonds Rated Stcoks—05 Apr 17

HONG KONG (S&P Global Ratings) April 5, 2017--S&P Global Ratings today said it has assigned its 'AA' rating to Korea South East Power Co. Ltd.'s (KOSEP; AA/Stable/--) proposed U.S. dollar-denominated unsecured bonds. The proceeds of the bond

OfficeMate aims to be a #One Stop Business Solutions centre that will support the growth of Thai Stcoks—05 Apr 17

Khun Worawoot Ounjai, Chief Executive Officer of COL Public Company Limited summarised the COL Group's performance in 2016. The Group's revenue was 11 billion baht, growing 9% over the preceding year due to restructuring the organisation as well as

KTC gives away hapiness to all members shopping abroad with a campaign, Easy Buy, Stcoks—05 Apr 17

Mr. Tosapong Rangkawara, Vice President— Credit Card Business, "KTC" or Krungthai Card Public Company Limited stated that "in order to welcome annual long holidays, KTC has launched a campaign for all members who do shopping abroad or online

Grupo Senda Autotransporte S.A. de C.V. Outlook Revised To Negative On Weaker #B# Rating Stcoks—05 Apr 17

MEXICO CITY (S&P Global Ratings) April 4, 2017--S&P Global Ratings said today that it revised its outlook on Grupo Senda Autotransporte S.A. de C.V. (Senda) to negative from stable. At the same time, we affirmed our 'B' global-scale and

Clayton, NM Jail Project Revenue Bond Outlook Revised To Negative On Heightened State Appropriation Stcoks—05 Apr 17

SAN FRANCISCO (S&P Global Ratings) April 4, 2017--S&P Global Ratings revised its outlook to negative from stable and affirmed its 'BBB+' rating on Clayton, N.M.'s existing town jail project revenue bonds. "The negative outlook reflects our view

Orange Cogen Funding Corp. Bonds Upgraded To #A-# After Action On Its Outlook Stcoks—05 Apr 17

SAN FRANCISCO (S&P Global Ratings) April 4, 2017--S&P Global Ratings today upgraded Orange Cogen Funding Corp's $110 million senior secured bonds due 2022 to 'A-' from 'BBB+' with a negative outlook. We removed this rating from CreditWatch, where

GCI Inc. Corporate Credit Rating Placed On CreditWatch Negative On Acquisition By Liberty Stcoks—05 Apr 17

NEW YORK (S&P Global Ratings) April 4, 2017--S&P Global Ratings said today that it placed its 'BB-' corporate credit rating and 'BB+' senior secured debt rating on Anchorage, Alaska-based diversified telecommunications provider GCI Inc. on

Madison Park Funding XXV Ltd./Madison Park Funding XXV LLC $397 Million Notes Assigned Preliminary Stcoks—05 Apr 17

NEW YORK (S&P Global Ratings) April 4, 2017--S&P Global Ratings today assigned its preliminary ratings to Madison Park Funding XXV Ltd./Madison Park Funding XXV LLC's $397 million floating-rate notes and combination securities (see list). The

Deutsche Bank acquires stake in fintech TrustBills Stcoks—05 Apr 17

Deutsche Bank AG announced the acquisition of a 12.5% share interest in the receivables auction platform TrustBills. Founded in 2015, the Germany based FinTech TrustBills is an electronic True Sale marketplace for national and international trade

Bank of England sounds new alarm over consumer credit binge Stcoks—05 Apr 17

The Bank of England has flagged up new concerns about the rapid growth in consumer borrowing as Britons rack up debt on credit cards, car purchase schemes and personal loans. Reinforcing recent warnings from the Bank about signs of a borrowing binge,

IMF Executive Board Concludes 2016 Article IV Consultation with Ukraine Stcoks—05 Apr 17

On April 3, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Ukraine and completed the third review of Ukraine's economic program under the Extended Fund Facility (see Press Release No.

Ukraine#s Economy is Recovering Modestly Despite Significant Headwinds Stcoks—05 Apr 17

Economic growth is projected at 2 percent in 2017, but reforms are needed to boost growth to 4 percent in 2018-19 and address significant fiscal and external vulnerabilities Kyiv, April 4, 2017 – Ukraine's economy grew modestly by 2.3 percent in

Employment in the Western Balkans Up by Six Percent Since 2010 According to New Regional Stcoks—05 Apr 17

VIENNA, April 4, 2017 – The Western Balkans region created 300,000 additional jobs between 2010 and 2016, or an overall increase in employment of about six percent. This is good news, but the rate of increase needs to accelerate in order to have a