Monday November 19, 2018 08:28

Stcoks Press Release : 22 Nov 2017

Krungsri RISE 2X Demo Day: Stunning Phenomenon of Startup Growth 2X Stcoks—22 Nov 17

Krungsri RISE is a project that supports and promotes financial innovation of Krungsri Finnovate Co., Ltd. under the Krungsri Affiliation Group and RISE Academy. The 2nd year project aims at accelerating the FinTech business growth at a "2X" speed, under

China Hongqiao #B# Rating Affirmed On Publication Of Financial Outlook Off CreditWatch Stcoks—22 Nov 17

HONG KONG--22 Nov--S&P Global Ratings

HONG KONG (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings affirmed its 'B' long-term corporate credit rating on China Hongqiao Group Ltd. (Hongqiao). The outlook is stable. We also affirmed our 'B-' long-term issue rating on the company's outstanding senior unsecured notes. We removed all the ratings from CreditWatch, where they were placed with negative implications on March 24, 2017.

We affirmed the ratings and removed them from CreditWatch after Hongqiao published its 2016 annual report and financial statements with an unqualified auditor's opinion. At the same time, the company also published a report refuting the allegations of accounting irregularities from a short-seller research firm.

We expect Hongqiao's financial position to improve due to favorable aluminum prices and the company's lower capital spending. We also anticipate that Hongqiao will have the financial resources to refinance its short-term maturities, thanks to an increase in funding from a number of Chinese banks.

In our view, the support from Chinese banks would help to restore investor confidence in Hongqiao and reduce the potential negative impact of any further campaign by short-seller firms.
On Oct. 25, 2017, Hongqiao published a clarification report related to short-seller Em

Dreams Funding Corp. RMBS #AAA (sf)# Ratings Affirmed Stcoks—22 Nov 17

TOKYO (S&P Global Ratings) Nov. 22, 2017--S&P 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

PT Jasa Marga (Persero) Tbk. Assigned #BB+# Rating With Stable Proposed Notes Rated Stcoks—22 Nov 17

SINGAPORE (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings today said it has assigned its 'BB+' long-term corporate credit rating to PT Jasa Marga (Persero) Tbk. (JM). The outlook is stable. We also assigned our 'BB+' long-term issue rating

Times Property Holdings Ltd.#s Proposed U.S. Dollar Senior Unsecured Notes Assigned #B# Stcoks—22 Nov 17

HONG KONG (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings today assigned its 'B' long-term issue rating to a proposed issue of U.S. dollar-denominated senior unsecured notes by Times Property Holdings Ltd. (B+/Stable/--). The issue rating

Nanjing Yangzi State-Owned Assets Investment Group#s Proposed Senior Unsecured Notes Rated Stcoks—22 Nov 17

SINGAPORE (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the proposed U.S. dollar-denominated senior unsecured notes by Nanjing Yangzi State-Owned Assets Investment Group Co. Ltd.

CIMB receives approval to operate a bank branch in the Philippines Complete ASEAN footprint Stcoks—22 Nov 17

CIMB Group ("CIMB" or "the Group") today announced that its subsidiary, CIMB Bank Berhad ("CIMB Bank"), has received approval from the Monetary Board of the Bangko Sentral ng Pilipinas to operate a branch in the Republic of the Philippines. The first

KTC joins hands with leading hotels in providing members Luxury Sydney Travel prize packages as Stcoks—22 Nov 17

"KTC" or Krungthai Card Public Company Limited, by Ms. Prym Panyasereeporn, Vice President - Travel & Leisure (Hotel Marketing), partakes in the promotion and stimulation of spendings during the travel season by continuing the "Eat Rest Travel and

Gulf Energy Development PLC Announces Final IPO Price at 45.0 Baht per share Top of the Initial IPO Stcoks—22 Nov 17

Gulf Energy Development PLC, one of Thailand's largest independent power producers, announced the final IPO price at 45.0 baht per share, the top of the initial IPO price range of 40.0-45.0 baht per share, as institutional investors indicated their

EXIM Thailand Inks Cooperation Pact with Asian EXIM Banks in Co-financing to Boost International Stcoks—22 Nov 17

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), revealed after attending the 23rd Annual Meeting of Asian EXIM Banks Forum (AEBF) in Sydney, Australia recently that the 11 Asian EXIM Banks had jointly signed a

SET welcomes Sakol Energy on November 22 Stcoks—22 Nov 17

The Stock Exchange of Thailand (SET) will list Sakol Energy pcl, an NGV private mother station operator, on November 22, under the ticker symbol "SKE". The company has a market capitalization at its initial public offering (IPO) of THB 1.67 billion

Thai listed firms# 9-month earnings up 3.74 pct to THB 708 billion Stcoks—22 Nov 17

Companies listed on The Stock Exchange of Thailand (SET) reported a net profit of THB 707.78 billion (approx. USD 20.83 billion) in the first nine months of 2017, a 3.74 percent rise from the same period in 2016, due to the increased sales and profits in

Venezuela#s Global Bonds Due 2025 And 2026 Downgraded To #D# Stcoks—22 Nov 17

- Venezuela failed to make $237 million in coupon payments for its global bonds due 2025 and 2026 within the 30-calendar-day grace period. - In line with our criteria for timeliness of payments, we are lowering the issue ratings on these bonds to 'D'

Beaver Falls, PA GO Debt Rating Lowered To #BBB+# On Significant Yearly Deficits And Weak Outlook Stcoks—22 Nov 17

CHICAGO (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings lowered its long-term rating on Beaver Falls, Pa.'s series 2012 general obligation (GO) bonds two-notches to 'BBB+' from 'A'. The outlook is negative. We also assigned a 'BBB+' rating

AABS Ltd.#s Series B Loan Rating Series A Loan Rating Affirmed Stcoks—22 Nov 17

- AABS Ltd.'s series A and B loans are backed primarily by lease revenue and sales proceeds from a commercial aircraft portfolio. - We raised our rating on the series B loan and affirmed our rating on the series A loan. - The upgrade on the series B loan

Ortho-Clinical Diagnostics Bermuda Co. Ltd. Outlook Revised To Ratings Stcoks—22 Nov 17

- Laboratory instruments and diagnostic products company Ortho-Clinical Diagnostics Bermuda Co. Ltd. (Ortho) has successfully completed its separation from Johnson & Johnson, alleviating our concerns that the costly separation process may have

Ratings Affirmed On Two Classes From Page Eight Funding LLC Stcoks—22 Nov 17

- 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

Margaret, AL GO Warrants Assigned #A-# Rating Stcoks—22 Nov 17

DALLAS (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings assigned its 'A-' long-term rating to Margaret, Ala.'s series 2017 general obligation (GO) warrants. The outlook is stable. "The rating reflects our opinion of such factors as the

Prudential Financial Inc.#s Proposed Senior Notes Rated #A# Stcoks—22 Nov 17

CENTENNIAL (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its 'A' debt rating on Prudential Financial Inc.'s (NYSE:PRU) proposed series of senior notes due Dec. 7, 2047, and Dec. 7, 2049. PRU will not receive any cash

San Francisco Public Utilities Commission, CA Series 2017A-G Water Revenue Bonds Assigned #AA-# Stcoks—22 Nov 17

SAN FRANCISCO (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings assigned its 'AA-' long-term rating to San Francisco Public Utilities Commission (SFPUC), Calif.'s series 2017A, 2017B, 2017C, 2017D, 2017E, 2017F, and 2017G water revenue

Gypsum Management Supply Inc. Upgraded To #BB-# On Reduced Leverage And Financial Sponsor Outlook Stcoks—22 Nov 17

- U.S. based distributor Gypsum Management & Supply Inc. has improved adjusted debt leverage to 3.4x by July 31, 2017, despite nine bolt-on acquisitions over the last 18 months. - Financial sponsor owner AEA has reduced its stake in the company to

Montana #AA# GO Debt Rating Affirmed Following Midyear Adjustments To Close The Budget Stcoks—22 Nov 17

DALLAS (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings affirmed its 'AA' rating on the State of Montana's general obligation (GO) bonds. At the same time, we affirmed our 'A' rating on the Montana Facility Finance Authority 's revenue debt

ABILITY Network Inc. Rating Lowered To #B-# To #B# On Dividend Distribution, Outlook Debt Ratings Stcoks—22 Nov 17

- U.S. Medicare network service vendor (NSV) ABILITY Network Inc. has issued $525 million of incremental senior secured facilities (consisting of a $20 million revolving credit facility, a $375 million first-lien term loan, and a $150 million second-lien

The Case for Sustaining State Fiscal Reforms: Nigeria Economic Update Stcoks—22 Nov 17

ABUJA, November 21, 2017—Nigeria's GDP expanded by 1.4 percent in the third quarter of 2017 (year-on-year), the second quarter of growth after the recession of 2016, reflecting recovery in oil production, good performance in agriculture, and

Afghanistans economic growth to pick up slightly, World Bank Says Stcoks—22 Nov 17

KABUL, November 21, 2017— Afghanistan's economic growth is projected to increase slightly to 2.6 percent in 2017 from 2.2 percent in 2016 as the country's deteriorating security weighs on the economy, according to the latest Afghanistan Development

Better Fiscal Management Can Boost Economic Growth: Joint GovernmentWorld Bank Stcoks—22 Nov 17

NAY PYI TAW, November 21, 2017 – Better allocation of spending and raising revenues can help Myanmar meet urgent needs for investments in infrastructure and services without adding to the fiscal deficit and government debt, says a new joint report

Statement by an IMF Mission on Iraq Stcoks—22 Nov 17

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF's

IMF Staff Concludes Mission to Bosnia and Herzegovina Stcoks—22 Nov 17

- The economy is seeing a cyclical recovery, though weaker than that in the rest of Eastern Europe. - Implementation of the program has been much slower than expected. - A number of actions is needed for the first review of the IMF-supported program. An