S&P Global Credit Markets Digest-Asia-Pacific Update
NEW YORK--May 15, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services:COMING UP:
| -- | Identifying Ratings Triggers and Other Contingent Calls on Liquidity |
| -- | The Argentine Banking Crisis: No Turnaround in Sight |
| -- | Research Analysis: Merrill Lynch & Co. Inc. |
| -- | Canadian Banks' Telecommunications Exposure Hurts 2002 Forecast |
| -- | Global Commodity-Backed Future Flow Transactions Withstood Price Shocks in 2001 |
| -- | Corporate Guarantees Gain Favor as Credit Support in Structured Finance Transactions |
| -- | The Pharmaceutical Industry: A European Perspective |
| -- | S&P Refining Methodology for Evaluating Energy Trading & Marketing Companies |
| -- | 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
-- Ratings Triggers and Other Contingent Calls on Liquidity, May
15, 9 A.M.
(For details please see www.ratingsdirect.standardandpoors.com or www.standardandpoors.com. All times U.S. Eastern.)
PUBLISHED:
RESEARCH REPORTS
CORPORATES
| -- | Standard & Poor's Report Says Large First Quarter Losses Are Expected for Argentine Corporates |
| -- | Standard & Poor's to Change System for Evaluating Corporate Earnings |
| -- | Measures of Corporate Earnings |
| -- | Fact Sheet: Measures of Corporate Earnings for Equity Analysis |
| -- | Metals & Mining 2002 Outlook for Credit Quality |
FINANCIAL SERVICES
| -- | Growth Slows, Performance Weakens For Japan's Major Consumer Finance Companies |
| -- | Rating on Malayan Banking Berhad Raised to 'BBB' as Financial Strength Continues to Improve |
| -- | Basel II Paves the Way for Improved Financial Performance in Banking Industry |
| -- | Financial Guarantee Insurers Who Dispute Payments Could Face Ratings Action |
| -- | Report Examines Latin America's Insurance Strengths and Weaknesses |
PUBLIC FINANCE
-- Local and Regional Govt. Rtgs Performance 1975-2001 Study
Reveals Rtgs Stability Correlation
RATING ACTIONS
CORPORATE RATINGS
| -- | London Electricity Group's Euro Medium-Term Note Program Rated 'A+' and 'A' |
| -- | S&P Reiterates Indications on France Telecom Ratings |
| -- | Fiat SpA 'A-3' Short-Term Corporate Credit Rating Remains on CreditWatch Negative |
| -- | Reliant Resources Inc.'s Ratings Placed on CreditWatch Negative |
FINANCIAL INSTITUTIONS
-- Rating on Malayan Banking Berhad Raised to 'BBB' As Financial
Strength Continues to Improve
INSURANCE RATINGS
-- Japanese Insurer Saison Life Upgraded to 'BBB+' Upon Transfer
of Ownership to GE Edison Life
SOVEREIGN RATINGS
-- Uruguay Sovereign Credit Ratings Lowered Due to Policy
Challenges; Outlook Remains Negative
RESEARCH ANALYSIS
CORPORATE
| -- | Sharp Corp. |
| -- | Sanyo Electric Co. Ltd. |
| -- | General Property Trust |
| -- | Kumagai Gumi Co. Ltd. |
| -- | Corning Inc. |
FINANCIAL INSTITUTIONS
-- Commonwealth Bank of Australia
PUBLIC FINANCE
-- Defence Housing Authority
Copyright 2002, Standard & Poor's Ratings Services