Saturday September 22, 2018 08:45

Stcoks Press Release : 06 Jun 2017

Thailand Ranks 19th in global FDI Confidence Index on Long-term Economic Potential Foreign investors# confidence strengthened Stcoks—06 Jun 17

Thailand's ranking in the A.T. Kearney Foreign Direct Investment (FDI) Confidence Index 2017 has been improved to 19th ranking thanks to the country's long-term economic potential and committed support from the Thai government, including attractive

Ratings Lowered On Auto ABS Transaction Transsec 2 (RF)#s Class A Notes Following Bank Downgrade Stcoks—06 Jun 17

MOSCOW--6 Jun--S&P Global Ratings
MOSCOW (S&P Global Ratings) June 6, 2017--S&P Global Ratings today lowered to
'zaA (sf)' from 'zaAAA (sf)'and removed from CreditWatch negative its South Africa national scale credit ratings on Transsec 2 (RF) Ltd.'s class A1, A2, A3, A4, A5, and A6 notes (see list below).

On April 13, 2017, we placed on CreditWatch negative our ratings on Transsec 2 (RF)'s class A notes following our recent downgrades of South Africa and FirstRand Bank Ltd., the bank account provider in this transaction (see "Ratings In ABS Transaction Transsec 2 (RF) Placed On CreditWatch Negative After South Africa And Bank Downgrades").

The overarching principle behind our current counterparty criteria is the replacement of a counterparty when the rating on the counterparty falls below a minimum eligible rating (see "Counterparty Risk Framework Methodology And Assumptions," published on June 25, 2013). Without the incorporation of replacement mechanisms or equivalent remedies in the terms of the agreement with the counterparty, and if there are no other mitigating factors, the rating on the supported security is generally no higher than the long- or short-term issuer credit rating (ICR) on the counterparty.

On April 5, 2017, we lowered to 'BB+' from 'BBB-' our long-term ICR on FirstRand Bank (see "Ratings

Rating Raised On Italian RMBS Transaction Mercurio Mortgage Finance Series 2003-2#s Class D Stcoks—06 Jun 17

MILAN (S&P Global Ratings) June 6, 2017--S&P Global Ratings today raised to 'BBB+ (sf)' from 'BBB- (sf)' its credit rating on Mercurio Mortgage Finance S.r.l. series 2003-2's class D notes. At the same time, we have affirmed our 'A- (sf)' ratings

Ratings Lowered On Auto ABS Transaction Transsec (RF)#s Class A To C Notes Following Bank Stcoks—06 Jun 17

MOSCOW (S&P Global Ratings) June 6, 2017--S&P Global Ratings today lowered and removed from CreditWatch negative its South Africa national scale credit ratings on Transsec (RF) Ltd.'s class A2, A4, B1, B2, C1, and C2 notes (see list below). On

RTE Holding Company, CTE, Assigned #A-# Outlook Proposed Bond Rated Stcoks—06 Jun 17

LONDON (S&P Global Ratings) June 6, 2017--S&P Global Ratings assigned its 'A-' long--term corporate credit rating to Coentreprise de Transport d'Electricite (CTE), a holding company of French power grid Reseau de Transportd'Electricite (RTE). The

Photo Release: KBank and Sansiri launch Super Five campaign offering fixed interest rate for up to Stcoks—06 Jun 17

Recently, Mr. Boonchan Kulvatunyou, KBank First Senior Vice President, and Mr. Uthai Uthaisangsuk, Senior Executive Vice President, Business Development and Project Development Division (High Rise), Sansiri PCL., together unveiled the "Super Five"

Indorama Ventures Closes Deal to Acquire Glanzstoff Stcoks—06 Jun 17

Indorama Ventures Public Company Limited (IVL), a global chemical producer, has announced that the deal to acquire the Glanzstoff Group tire cord and single-end cord business has been concluded and will add to the company's portfolio of choice auto

Russia is emerging from recession, but the structural constraints risk impeding its mid-term Stcoks—06 Jun 17

The diversification of the Russian economy, made necessary by a slump in oil prices that is set to last, is coming up against structural constraints that may well have a deleterious effect on its mid-term growth. Certain sectors (agrifood, chemicals,

CFA Society Thailand signs deal to back anti-corruption initiative Stcoks—06 Jun 17

CFA Society Thailand recently signed a Memorandum of Understanding with Thailand's Private Sector Collective Action Coalition against Corruption (CAC) that paved the way for financial analysts in the society to take an active role in supporting the fight

Ratings Raised On 10 Tranches Of Australian RMBS Sponsored By Major 49 Stcoks—06 Jun 17

MELBOURNE (S&P Global Ratings) June 6, 2017--S&P Global Ratings today said it has raised its ratings on 10 tranches of Australian residential mortgage-backed securitization (RMBS) issued under transactions sponsored by three major banks in

Michael Baker International LLC Downgraded To #B-# From #B+# On Heightened Refinancing Outlook Stcoks—06 Jun 17

NEW YORK (S&P Global Ratings) June 5, 2017--S&P Global Ratings said today that it has lowered its corporate credit rating on Pittsburgh-based Michael Baker International LLC to 'B-' from 'B+'. The outlook is developing. At the same time, we

TKC Holdings Inc. Outlook Revised To Negative On Dividend Recapi #B# Ratings Stcoks—06 Jun 17

CHICAGO (S&P Global Ratings) June 5, 2017--S&P Global Ratings today affirmed its 'B' corporate credit rating on St. Louis-based TKC Holdings Inc. and revised the outlook to negative from stable. At the same time, we affirmed our 'B' issue-level

Ratings On Four Classes Related To International Business Machines Corp. Stcoks—06 Jun 17

NEW YORK (S&P Global Ratings) June 5, 2017--S&P Global Ratings today lowered its ratings on four certificates linked to International Business Machine Corp.debentures to 'A+ (sf)' from 'AA- (sf)' (see list). Our ratings on all four certificates

Chowchilla Public Financing Authority, CA 2017A-C Bonds Assigned #BBB+# Outlook Stcoks—06 Jun 17

SAN FRANCISCO (S&P Global Ratings) June 5, 2017--S&P Global Ratings assigned its 'BBB+' long-term rating to the Chowchilla Public Financing Authority, Calif.'s series 2017A taxable water revenue bonds (clean renewable energy bonds [CREBs]),

Hertz Corp. Senior Secured Second-Lien Note Rating Lowered To #BB-# On $250 Million Stcoks—06 Jun 17

NEW YORK (S&P Global Ratings) June 5, 2017--S&P Global Ratings today lowered its issue-level rating on Hertz Corp.'s $1.25 billion second-lien secured notes due 2022 to 'BB-' from 'BB' and revised its recovery rating on the notes to '2' from '1'.

Government of India and World Bank Sign New Agreement to Bring Public Services Closer to People in Stcoks—06 Jun 17

NEW DELHI, JUNE 05, 2017 – The Government of India, the Government of Assam and the World Bank today signed a $39.20 million loan agreement to support the government in providing citizens in Assam, particularly in tribal districts, access to public

Monitoring and Incentives Key to Improve Health and Education Service Delivery in Stcoks—06 Jun 17

Amman, June 5, 2017— Jordan can improve the quality of health and education services by using incentives and increasing monitoring to strengthen accountability, according to a new World Bank report entitled "The Last Mile to Quality Service

Bangladesh Needs a Proactive Strategy to Address Increasing Jobs Challenges: World Bank-ILO Stcoks—06 Jun 17

DHAKA, June 5, 2017 — Despite Bangladesh's robust economic growth, the pace of job creation has slowed in the recent years, says a new World Bank analysis discussed today at a high-level workshop. The country needs to proactively address the

PM ONeill welcomes New World Bank Country Manager for PNG Stcoks—06 Jun 17

PORT MORESBY, June 5, 2017 – Papua New Guinea's Prime Minister, the Hon. Peter O'Neill today officially welcomed the new World Bank Country Manager for Papua New Guinea, Patricia Veevers-Carter to PNG, saying PNG's longstanding partnership with the

IMF Executive Board Approves US$224.2 Million Under the ECF Arrangement for Sierra Stcoks—06 Jun 17

The Executive Board's decision will enable a first immediate disbursement of SDR39.166 million (about US$54.3 million).Growth is expected to reach 7 percent in the medium-term. Under the program, inflation is expected to fall to 12 percent by end-2017,

IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Stcoks—06 Jun 17

The Iraqi authorities and the IMF mission have reached agreement on a supplementary budget for 2017, objectives for the 2018 budget, and strengthened procedures to keep expenditure under control The SBA aims to restore fiscal and external balance and to