S&P Global Credit Markets Digest -- Americas Update
NEW YORK--May 8, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services:COMING UP:
| -- | Pressures Ease on European Capital Goods Companies |
| -- | Efficiency Improvements and Specialization Tune-Up Europe's Auto Suppliers |
| -- | European Truck Makers Throttle Back as Demand Stalls |
| -- | Confidence Rises in U.K. Engineering Sector |
| -- | U.S. Import Tariffs Spike Recovery in European Steel |
| -- | Has the Rapid Deterioration in Credit Quality of U.S. Steel Companies Ended? |
| -- | Credit Perspectives for U.S. Electric Transmission Companies |
| -- | Manufactured Housing ABS Update: A Turnaround Delayed |
| -- | European Structured Finance Market Overview |
| -- | U.S. Auto Loan ABS in 2001: Recession's Effects Loom Large |
| -- | Global Cash Flow and Synthetic CDO Criteria |
| -- | Revitalizing Japan's Insolvent Banks |
UPCOMING TELECONFERENCES
| -- | Deutsche Post AG, Wednesday, May 8, 10:00 A.M. (3:00 P.M. BST) |
| -- | S&P Affirms Ratings on Georgia-Pacific Corp., Thursday, May 9, 9:00 A.M. |
| -- | Global Sector Review: High-Technology Industry, Tuesday, May 14, 10:00 A.M. |
(For details please see www.ratingsdirect.standardandpoors.com or www.standardandpoors.com. All times U.S. Eastern.)
PUBLISHED:
RESEARCH REPORTS
RATINGS OVERVIEW
| -- | Structural and Cyclical Factors Appear to Be the Most Important Drivers of Ratings Volatility |
| -- | Survey Reflects a Divergence of Opinion on Time Horizons for Ratings |
| -- | New Factors Increasingly Important in Analyzing Credit |
CORPORATES
| -- | Enron's Reorganization Plans' Implications For Portland General Electric's Ratings |
| -- | New Products and Strong Market Shares Drive Creditworthiness of Europe's Carmakers |
| -- | International Engineering & Construction Markets Continue to Soften |
FINANCIAL SERVICES
| -- | Gaining a Competitive Advantage Through Credit-Risk Management in a Basel Context |
| -- | Argentina and Political Risk Insurance: Some Preliminary Observations |
SOVEREIGNS
-- Economic Growth, Governance, and Transparency in the Dominican
Republic: A Sovereign Ratings Perspective
RATING ACTIONS
CORPORATE RATINGS
| -- | Ratings Lowered in RoadChef Motorways Holdings Ltd.'s U.K. Secured Loans Transaction |
| -- | Deutsche Post AG Assigned 'A+/A-1' Ratings; Outlook Stable |
| -- | Amcor Ratings Affirmed After Schmalbach-Lubeca Deal; Outlook Negative |
| -- | Georgia-Pacific Corp. Ratings Affirmed After Company Unveils Separation Plans |
INFRASTRUCTURE RATINGS
| -- | Birka Energi AB Ratings Still on Watch Neg After Fortum Oyj's Strategic Review Announcement |
| -- | Reduced Financial Flexibility Takes Vivendi Environnement's Outlook to Negative |
SOVEREIGN RATINGS
-- Ratings on Hong Kong Affirmed As Basic Law is Upheld
STRUCTURED FINANCE RATINGS
| -- | Rating Lowered on Eikos Ltd.'s A3 Notes After Pool's Adverse Credit Migration; A1, A2 Affirmed |
| -- | Ratings on Seven ABCP Transactions Affirmed; $2.3 billion Total Financing Limit |
| -- | Preliminary Ratings Assigned to GELDILUX's Synthetic German CLO Issuance |
RESEARCH ANALYSIS
CORPORATES
| -- | Matsushita Electric Industrial Co. Ltd. |
| -- | Kumagai Gumi Co. Ltd. |
| -- | DaimlerChrysler AG |
| -- | Ford Motor Co. |
| -- | Ford Motor Credit Co. |
FINANCIAL SERVICES
| -- | Allied Irish Banks PLC |
| -- | Trustmark Corp. |
| -- | Bradford & Bingley PLC |
| -- | Equifax Inc. |
SOVEREIGNS
| -- | Hong Kong Special Administrative Region |
| -- | Japan |
| -- | Queretaro (City of), Mexico |
STRUCTURED FINANCE
-- Presale: GELDILUX 2002-1 Ltd.
Copyright 2002, Standard & Poor's Ratings Services