Monday September 24, 2018 16:52

Stcoks Press Release : 08 Dec 2017

SET market report for November 2017 Stcoks—08 Dec 17

The Stock Exchange of Thailand (SET) Index gained 10 percent from the end of last year to 1,697.39 points at the end of November, but dropped 1.4 percent from the end of October. Thailand Futures Exchange (TFEX) average derivatives trading volume was

PT Indosat Tbk. Upgraded To #BBB-# On Solid Cash Flow And Reducing Outlook Stable Stcoks—08 Dec 17

SINGAPORE--8 Dec--S&P Global Ratings

SINGAPORE (S&P Global Ratings) Dec. 8, 2017--S&P Global Ratings today raised its long-term corporate credit rating on Indonesia-based telecommunications operator PT Indosat Tbk. (Indosat) to 'BBB-' from 'BB+'. The outlook is stable.

The upgrade reflects our expectation that Indosat will maintain its solid cash flow adequacy and reduce debt over the next 12-24 months. The company's steady cash flows, moderate capital spending, and prudent financial policies should support the improvement. We anticipate that Indosat's ratio of funds from operations (FFO) to debt will remain above 40% until 2019.

Indosat's performance for the first nine months of 2017 was better than we expected, with resilient cash flows amid competitive market conditions in the Indonesian wireless industry. The company's EBITDA of Indonesian rupiah (IDR) 10 trillion for the period was about 80% of our full-year forecast and its operating cash flows of IDR7.7 trillion were about 76%.

In our view, Indosat will maintain prudent financial policies over the next 12-24 months at least. That includes calibrating investments and dividend distributions such that the ratio of FFO to debt stays above 40% even if operating conditions in end-markets deteriorate. Over the past two years, the company has strengthened its

Elion Resources Group Co. Ltd. Outlook Revised To #B# Rating Affirmed Stcoks—08 Dec 17

HONG KONG (S&P Global Ratings) Dec. 8, 2017-- S&P Global Ratings today revised the outlook on Elion Resources Group Co. Ltd. to negative. We affirmed our 'B' long-term corporate credit rating on the company. We revised the rating outlook on Elion

Yangzhou Urban Construction Assigned #BBB# Rating With Stable Proposed Senior Unsecured Notes Stcoks—08 Dec 17

HONG KONG (S&P Global Ratings) Dec. 8, 2017--S&P Global Ratings today assigned its 'BBB' long-term corporate credit rating to Yangzhou Urban Construction State-owned Assets Holding (Group) Co. Ltd. (YZUC). The outlook is stable. We also assigned

Dunedin City Treasury Ltd. #AA/A-1+# Ratings Outlook Remains Stable Stcoks—08 Dec 17

MELBOURNE (S&P Global Ratings) Dec. 8, 2017--S&P Global Ratings today affirmed its 'AA' long-term and 'A-1+' short-term issuer credit ratings on Dunedin City Treasury Ltd. (DCTL). The outlook on the long-term ratings remains stable. The ratings

Dunedin City Council #AA/A-1+# Ratings Outlook Remains Stable Stcoks—08 Dec 17

On Dec. 8, 2017, S&P Global Ratings affirmed its 'AA' long-term foreign-currency and local-currency issuer credit ratings and its 'A-1+' short-term ratings on Dunedin City Council, a New Zealand local government. The outlook on the rating remains

Fitch Affirms Thai Life Insurance at #BBB+#; Outlook Stable Stcoks—08 Dec 17

Fitch Ratings has affirmed Thai Life Insurance Public Company Limited's (TLI) Insurer Financial Strength (IFS) Rating at 'BBB+' (Good) and National IFS Rating at 'AAA(tha)'. The Outlooks are Stable. KEY RATING DRIVERS The affirmation takes into account

Photo Release: K-Auto Finance (Refinance) : Big Giveaway! For Real! Millions up for Stcoks—08 Dec 17

Mr. Sasawat Virapriya, Executive Chairman of KLeasing, recently launched the "Auto Refinance: Big Giveaway! For Real! Millions up for Grabs!" yearend campaign, offering a chance for customers applying for K-Auto Finance (Refinance) from today until

Photo Release: KBank launches K-eSavings account - Easy Application via K Stcoks—08 Dec 17

Ms. Nisanat Ouvuthipong, KBank First Senior Vice President, recently unveiled a new K-eSavings account, designed to meet customer lifestyles in the digital era. Customers can apply for the K-eSavings account via K PLUS application by themselves. It can

Photo Release: KTC partners with NEO in providing gifts for the celebration of New Years Eve at the Stcoks—08 Dec 17

"KTC" or Krungthai Card Public Company Limited, by Ms. Susopit Watanasin, Retail Travel Platform & Merchandise Marketing, partners with N.C.C. Exhibition Organizer Company Limited or "NEO", in providing KTC credit card members special privileges as

Bangkok Bank collaborates with leading global organizations to develop new solutions to leverage Stcoks—08 Dec 17

To reduce operating costs and increase business efficiency, Bangkok Bank has joined 'R3-TradeIX-CGI'. This will enable the bank to be at the forefront of financial technology development and meet the requirements of all customer segments by leveraging

Southern California Presbyterian Homes# 2009 Revenue Bonds Affirmed At #BBB-#; Rating Then Stcoks—08 Dec 17

SAN FRANCISCO (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings affirmed its 'BBB-' long-term rating on California Statewide Communities Development Authority's series 2009 revenue bonds issued for Southern California Presbyterian Homes

Hi-Crush Partners Senior Secured Debt Rating Lowered To #B-# On Upsized Revolver, Extended Stcoks—08 Dec 17

NEW YORK (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings today lowered its issue-level rating on Houston-based hydraulic fracturing (frac) sand producer Hi-Crush Partners L.P.'s $200 million senior secured term loan to 'B-' from 'B'. At the

Inver Grove Heights, MN GO Rating Raised To #AA+# On Very Strong Finances And Improved Stcoks—08 Dec 17

CENTENNIAL (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings raised its long-term rating on Inver Grove Heights, Minn.'s existing general obligation (GO) bonds to 'AA+' from 'AA'. At the same time, we assigned our 'AA+' long-term rating to

Preliminary Ratings Assigned To Six Classes From Barings CLO Ltd. 2013-I In Connection With Stcoks—08 Dec 17

CENTENNIAL (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings today assigned its preliminary ratings to the class AR, BR, CR, DR, ER, and FR replacement notes from Barings CLO Ltd. 2013-I/Barings CLO 2013-I LLC, a collateralized loan

Freeman School District No. 33-1, SD GO Outlook Revised To Negative On Declining Enrollment, Lower Stcoks—08 Dec 17

CENTENNIAL (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings has revised the outlook to negative from stable and affirmed its 'A+' underlying rating on Freeman School District No. 33-1, S.D.'s unlimited-tax general obligation (GO) bonds

Winona Independent School District No. 861, MN GO Debt Rating Lowered To #A# On Weakening Outlook Stcoks—08 Dec 17

CENTENNIAL (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings lowered its long-term rating to 'A' from 'A+' on Winona Independent School District (ISD) No. 861, Minn.'s existing general obligation (GO) bonds. The outlook is negative. "The

CSM Bakery Solutions LLC Ratings Affirmed On Improved Outlook Remains Stcoks—08 Dec 17

SAN FRANCISCO (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings today affirmed its 'CCC+' corporate credit rating on Atlanta-based CSM Bakery Solutions LLC and revised its assessment of the company's liquidity profile to adequate from less

Stratford, CT #AA# GO Debt Rating Off Watch After State Budget Outlook Negative On Weakened Stcoks—08 Dec 17

BOSTON (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings affirmed its 'AA' rating on Stratford, Conn.'s general obligation (GO) bonds. At the same time, we removed the rating from CreditWatch with negative implications, where it was placed on

Western Balkans Trade and Transport Competitiveness to Get $150 Million Boost from World Stcoks—08 Dec 17

Sofia, December 7, 2017 - Western Balkans countries will improve the performance of their major transport corridors and expand trade with support from a planned World Bank project announced today. The Trade and Transport Facilitation Project is designed

World Bank Pilot Auction Facility Unlocks Capital Markets for Climate Stcoks—08 Dec 17

WASHINGTON, December 7, 2017—The World Bank has made the second repayment of bonds issued under an innovative pilot program that uses auctions and price guarantees, delivered in the form of bonds, to promote private sector investment in climate

World Bank Helps Bangladesh Improve Trade and Transport Connectivity Stcoks—08 Dec 17

DHAKA, December 7, 2017 — Bangladesh today signed a $150 million financing agreement with the World Bank to modernize trade related infrastructure, systems, and procedures. These improvements will help Bangladesh increase regional connectivity and

Zambia: Improving Debt Management for Economic Recovery Stcoks—08 Dec 17

LUSAKA, December 7, 2017—Zambia's economy is continuing to recover, but its economic growth rate is expected to improve only modestly this year—to 3.8% in 2017 from 3.6% in 2016—according to an Economic Brief released by the World Bank