S&P Global Markets Digest -- Asia-Pacific Update
NEW YORK--May 2, 2002--Standard & Poor's--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services:COMING UP:
| -- | U.S. High-Yield Corporate Bond Market: Over the River but Not Through the Woods |
| -- | European Structured Finance Market Overview |
| -- | U.S. Auto Loan ABS in 2001: Recession's Effects Loom Large |
| -- | Hydroelectric Power: Past Perfect, Future Tense? |
| -- | Aquila Inc. Faces Difficult Credit Environment |
| -- | Global Cash Flow and Synthetic CDO Criteria |
UPCOMING TELECONFERENCES
| -- | Asset-Backed MTNs Could Benefit U.S. ABCP Issuers, Investors, Thursday, May 2,10:30 A.M. |
| -- | Global Sector Review: High-Technology Industry, Monday, May 13,10:00 A.M. |
(For details please see www.ratingsdirect.standardandpoors.com or www.standardandpoors.com. All times U.S. Eastern.)
PUBLISHED:
RESEARCH REPORTS
CORPORATES
| -- | Global Automakers' Credit Quality Under Pressure in 2002 |
| -- | The U.S. Securities Industry: Weak Operating Performance Continues |
| -- | Canadian Corporate Bond Issuance: Northern Light Flickers |
FINANCIAL INSTITUTIONS
-- Consumer Lending Likely to Increase Credit Costs at Korean
Banks, But Not Solvency Threatening
STRUCTURED FINANCE
| -- | CDO Growth Could Expand Into European Leveraged Loan Market |
| -- | European RMBS Market Volumes Surge Higher Buoyed by Repeat Issuance |
| -- | Trends in Residential Mortgage Products: First-Quarter 2002 LTV Ratios, FICO Scores, and Credit Support Levels |
| -- | Larger-Scale Issuance Pushes European ABS Volumes Up 21% Higher in First Quarter 2002 |
| -- | An Insight Into CDO Surveillance: Collateral Pools and the Risks That Govern Them |
| -- | Greater Transparency Eases Market Concerns About CDO Credit Volatility |
| -- | Asset-Backed Medium-Term Notes Could Benefit U.S. ABCP Market |
| -- | Quarterly High CLTV Matrix Early Benchmark Performance Trends Off |
RATING ACTIONS
CORPORATE RATINGS
-- Hong Kong-Based PCCW-HKT Telephone Ltd.'s HK$5 Bil. Bank Loan
due 2009 Rated 'BBB'
FINANCIAL SERVICES RATINGS
| -- | Improved Asset Quality Leads to Upgrades of Three Korean Banks |
| -- | Laurentian Bank of Canada Increases Provisions for Loan Losses, Outlook Revised to Negative |
RESEARCH ANALYSIS
CORPORATES
-- Stockland Trust Group
FINANCIAL INSTITUTIONS
| -- | Arab-Malaysian Merchant Bank Berhad |
| -- | ICICI Bank Ltd. |
STRUCTURED FINANCE
-- Presale: Hitachi Capital's Series 1 Mortgage-Backed Trust
Certificates
Copyright 2002, Standard & Poor's Ratings Services