S&P Global Credit Markets Digest-Asia-Pacific Update
NEW YORK--May 9, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services:COMING UP:
| -- | The Implications of Basel II for North American Banks: Navigating the Roadblocks |
| -- | The Internet and the Brazilian Banking System: Moving Slowly Into the Future |
| -- | Pressures Ease on European Capital Goods Companies |
| -- | European Truck Makers Throttle Back as Demand Stalls |
| -- | Confidence Rises in U.K. Engineering Sector |
| -- | U.S. Import Tariffs Spike Recovery in European Steel |
| -- | 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 |
| -- | CDO Manager Focus: American Express Asset Management Group Inc., U.S. High-Yield Report Issued in Conjunction With the Rating of Centurion CDO VI Ltd. |
UPCOMING TELECONFERENCES
| -- | 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
CORPORATES
| -- | Mixed Fortunes for Japanese Automakers Amid Tough Market Conditions |
| -- | Volatility Remains in the Australian and New Zealand Mining and Metals Industries But Credit Quality is Sound |
| -- | Is the Deterioration of U.S. Steel Companies' Credit Quality Finally Ending? |
| -- | Continued Divergence In Rating Dynamics In North American Engineering & Construction Sector |
| -- | Prospects Improve for the German Capital Goods Sector, But Challenges Lie Ahead |
| -- | Hydro One Inc. and the Path to Privatization |
| -- | Efficiency Improvements and Specialization Tune Up Europe's Auto Suppliers |
FINANCIAL INSTITUTIONS
| -- | China Banks Face Decade of Problem Loans Unless More Equity Injected |
| -- | Revitalizing Japan's Insolvent Banks: Lessons from Shinsei and Aozora |
STRUCTURED FINANCE
-- U.S. RMBS Securitization Issuance Volumes Reach Record Levels
RATING ACTIONS
CORPORATE RATINGS
| -- | Nissan Motor Upgraded to 'BBB-/A-3' on Successful Restructuring; Outlook Positive |
| -- | Dynegy Inc.'s and Affiliates Ratings Placed on Watch Negative |
| -- | Pepsi System Ratings Affirmed, Pepsi-Gemex on Watch Positive After Acquisition Agreement |
| -- | Georgia-Pacific Corp. Ratings Affirmed After Company Unveils Separation Plans |
INSURANCE RATINGS
-- Japan's Yasuda Kasai Financial Guarantee Downgraded to 'AA',
Off CreditWatch
SOVEREIGN RATINGS
| -- | Fiscal Stance Key for Asian Sovereign Credit Standing |
| -- | Ratings on Hong Kong Affirmed As Basic Law is Upheld |
| -- | Colombia Rtgs Affirmed; Otlk Remains Neg Due to Debt Burden and Difficult Security Environment |
RESEARCH ANALYSIS
CORPORATES
| -- | Erdenet Mining Corp. |
| -- | Matsushita Electric Industrial Co. Ltd. |
| -- | Kumagai Gumi Co. Ltd. |
FINANCIAL INSTITUTIONS
-- Bank Negara Indonesia (Persero) Tbk. (P.T.)
SOVEREIGNS
-- Japan
Copyright 2002, Standard & Poor's Ratings Services