Saturday November 17, 2018 12:18

Stcoks Press Release : 30 Aug 2017

Launch of Thailand E-Payment Association (TEPA) To upgrade electronics payment in Thailand to global standards Stcoks—30 Aug 17

Thailand E-Payment Trade Association has been officially launched by the members of Thai e-Money holders. The association is supporting the Standard QR Code which is encouraged by Thailand Government. Nowadays, new financial innovations and the

Ratings On China Shenhua Energy And Subsidiaries Placed On CreditWatch Negative On Parent#s Merger With Guodian Corp. Stcoks—30 Aug 17

HONG KONG--7 Sep--S&P Global Ratings

HONG KONG (S&P Global Ratings) Aug. 30, 2017-- S&P Global Ratings said today it placed its 'AA-' long-term corporate credit rating on China Shenhua Energy Co. Ltd. (Shenhua Energy) on CreditWatch with negative implications. At the same time, we placed our 'A+' long-term corporate credit and issue ratings on Shenhua Hong Kong Ltd. on CreditWatch with negative implications.

We placed the ratings of Shenhua Energy and Shenhua Hong Kong on CreditWatch mainly because we see negative financial implications from the planned merger of their parent company, China Shenhua Group (Shenhua Group), with the more heavily indebted China Guodian Corp.

Based on 2016 data, we estimate the pro forma debt-to-EBITDA ratio of the combined group at 4.8x, compared with 2.9x of Shenhua Group before the proposed merger. This will likely have a negative impact on the credit profile of Shenhua Energy. In turn, the rating on Shenhua Hong Kong will move in tandem with that on its immediate parent, Shenhua Energy.

In our view, the new group's business profile will benefit from an enlarged scale and enhanced diversity in terms of power fuel types. Increasing synergies between the coal and power segments could also ensue, resulting in

less volatility in profitability. However, post-merger, the power segme

U.K.-Based Oilfield Services Company Bibby Offshore Holdings Ltd. Downgraded To #CC#; Outlook Stcoks—30 Aug 17

STOCKHOLM (S&P Global Ratings) Aug. 30, 2017--S&P Global Ratings said today that it has lowered its long-term corporate credit rating on Bibby Offshore Holdings Ltd. to 'CC' from 'CCC-'. The outlook is negative. At the same time, we lowered our

Vietnam Joint Stock Commercial Bank for Industry and Trade Outlook Revised To #BB-/B# Ratings Stcoks—30 Aug 17

SINGAPORE (S&P Global Ratings) Aug. 30, 2017--S&P Global Ratings said today it revised its outlook on Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) to negative from stable. At the same time, we affirmed the 'BB-'

Bank for Foreign Trade of Vietnam #BB-/B# Ratings Outlook Stable Stcoks—30 Aug 17

SINGAPORE (S&P Global Ratings) Aug. 30, 2017--S&P Global Ratings said today it affirmed its 'BB-' long-term and 'B' short-term issuer credit ratings on Bank for Foreign Trade of Vietnam (Vietcombank). The outlook on the long-term rating is

Outlook On Vietnam Technological And Commercial Joint Stock Bank Revised To #BB-/B# Ratings Stcoks—30 Aug 17

SINGAPORE (S&P Global Ratings) Aug. 30, 2017--S&P Global Ratings today revised its rating outlook on Vietnam Technological And Commercial Joint Stock Bank (Techcombank) to stable from negative. We affirmed our 'BB-' long-term and 'B' short-term

Australian Capital Territory Ratings Affirmed At #AAA/A-1+#; Outlook Remains Stcoks—30 Aug 17

On Aug. 30, 2017, S&P Global Ratings' affirmed its 'AAA/A-1+' ratings on Australian Capital Territory (ACT). The outlook remains negative. OUTLOOK Downside scenario The negative outlook on ACT reflects that on the sovereign, the Commonwealth of

Driver China Seven Trust ABS Assigned Preliminary Ratings Stcoks—30 Aug 17

HONG KONG (S&P Global Ratings) Aug. 30, 2017--S&P Global Ratings today assigned its preliminary ratings to two classes of asset-backed securities (ABS) issued by Citic Trust Co. Ltd. as trustee of Driver China seven Trust (see list). The notes

Hutt City Council Ratings Affirmed At #AA/A-1+#, Outlook Remains Stable Stcoks—30 Aug 17

On Aug. 30, 2017, S&P Global Ratings affirmed its 'AA' long-term foreign currency and local currency rating and 'A-1+' short-term issuer credit rating on Hutt City Council, a New Zealand local government. The outlook on the ratings remains

SCB promote cashless ecology with QR Pay Stcoks—30 Aug 17

In response to the government's National e-Payment strategic plan, Siam Commercial Bank (SCB)is set to help promote a cashless society in Thailand by developing smart phone payment systems featuring QR pay to increase convenience, speed, and security.

New World Bank Support Emphasizes Savings, Inclusion, and Reform on Road to Sustainable Growth in Stcoks—30 Aug 17

WASHINGTON, August 29, 2017 - A new World Bank loan is helping promote sustainable and inclusive growth in Turkey by focusing on increasing domestic savings, enhancing economic participation among vulnerable groups, and addressing structural bottlenecks

Turkey and World Bank Group Renew Partnership, with Focus on Growth, Inclusiveness and Stcoks—30 Aug 17

WASHINGTON, August 29, 2017 – The World Bank Group and the Government of Turkey have renewed their partnership with the introduction of a new Country Partnership Framework (CPF), endorsed today by the Group's Board of Executive Directors. The

World Bank Helps Bangladesh Improve Public Procurement Performance Stcoks—30 Aug 17

DHAKA, August 29, 2017 – The government of Bangladesh today signed an agreement with the World Bank to use digital technology to monitor the country's annual development programs and improve the performance of public procurement. The $55 million

Sustainable Path to Water Security Urgent Priority for Arab World Stcoks—30 Aug 17

New World Bank report maps out actions needed to prevent water scarcity from impacting future growth and stability in the Middle East and North Africa STOCKHOLM, August 29, 2017 – The inadequate supply of water and sanitation is costing the Middle

Province of Buenos Aires #B# Foreign And Local Currency Ratings Affirmed, Outlook Remains Stcoks—30 Aug 17

On Aug. 29, 2017, S&P Global Ratings affirmed its 'B' foreign and local currency long-term issuer credit ratings on the province of Buenos Aires (PBA). The outlook remains stable. OUTLOOK The stable outlook reflects our view of an increasing dialogue

BRF Downgraded To #BBB-# From #BBB# On Delayed Outlook Stable Stcoks—30 Aug 17

SAO PAULO (S&P Global Ratings) Aug. 29, 2017--S&P Global Ratings lowered its global scale corporate credit and issue-level ratings on BRF S.A. to 'BBB-' from 'BBB'. We also affirmed our national scale corporate credit rating at 'brAAA'. We

Flagler Hospital, FL Issuer Credit Rating Lowered To #BBB+# On Weaker Financial Stcoks—30 Aug 17

NEW YORK (S&P Global Ratings) Aug. 29, 2017--S&P Global Ratings lowered its issuer credit rating (ICR) on Flagler Hospital (Flagler) to 'BBB+' from 'A-'. At the same time, S&P Global Ratings assigned its 'BBB+' long-term rating to St. Johns

Argentina-Based Power Company Transener Upgraded To #B# On Improved Capital Structure And Stcoks—30 Aug 17

BUENOS AIRES (S&P Global Ratings) Aug. 29, 2017--S&P Global Ratings raised its corporate credit and issue-level ratings on Compañía de Transporte de Energía Electrica en Alta Tensión TRANSENER S.A. (Transener) to 'B'

SANY pioneers e-commerce machine sales in Australia Stcoks—30 Aug 17

The world's leading construction machinery manufacturer, SANY, has been exploring the e-commerce sales of mini excavators in Australia. This move aims to deliver quicker response and greater ease for customers to purchase SANY machines anywhere and