Ratings On Four Classes Related To International Business Machines Corp. Lowered

Stocks and Financial Services Press Releases Tuesday June 6, 2017 09:22
NEW YORK--6 Jun--S&P Global Ratings

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 are dependent on our rating on the underlying security, International Business Machine Corp. 7.125% senior debentures due Dec. 1, 2096 ('A+').

Today's rating actions reflect the May 5, 2017, lowering of our rating on the underlying security to 'A+' from 'AA-'. We may take additional rating actions on these transactions due to subsequent changes in our rating assigned to the underlying security.


Latest Press Release

SET welcomes SPRIME REIT on Jan 23

The Stock Exchange of Thailand (SET) will list S Prime Growth Leasehold Real Estate Investment Trust worth THB 5.72 billion (approx. USD 173.26 million) on January 23, 2019, under the ticker symbol "SPRIME ". SET Senior Executive Vice President Manpong...

Empowering ASEAN 4.0 the ways forward to pursue and become ready for the transformation to the digital era

The ASEAN Business Advisory Council (ASEAN BAC) was inaugurated in April 2003 at the ASEAN Secretariat in Jakarta, Indonesia. Its establishment was mandated by the ASEAN Leaders at their 7th ASEAN Summit, November 2001 in Bandar Seri Begawan, Brunei...

Fitch Rates KTB Securities# THB Subordinated Debentures #BB-(tha)#

Fitch Ratings (Thailand) has today assigned a National Long-Term Rating of 'BB-(tha)' to KTB Securities (Thailand) Public Company Limited's (KTBST; BB(tha)/Stable) upcoming issue of up to THB400 million in subordinated debentures. The debentures will...

TMB reported 2018 net profit of THB11,601 mn, 34% increase from last year. Coverage ratio was raised to 152% in preparation for IFRS 9 implementation, reflecting the Banks prudent management.

TMB reported 2018 net profit of THB11,601 mn, 34% increase from last year. Coverage ratio was raised to 152% in preparation for IFRS 9 implementation, reflecting the Bank's prudent management. Moving toward 2019, the Bank will continue to further acquire...

TBank#s New CEO committed to challenging 2019 targets against backdrop of average annual profit growth of 10% over past 4 years

Praphan Anupongongarch, formerly chief of auto hire-purchase business, now takes the helm of Thanachart Bank as new CEO. Having introduced his strong management team and adopted both Customer-Centric and Fast & Focused Policies, he aims at...

Related Topics