Standard & Poor's
Standard & Poor’s is best known for stock market indices such as the US-based S&P 500 and for its credit ratings, competing against Moody's Investors Service and Fitch Ratings. Rating agencies came under fire for issuing top ratings to pools of mortgages which included subprime loans and in February 2013, the US Justice Department filed a civil lawsuit against S&P, seeking US$5 billion in civil damages.
S&P gives link 'a' rating
Standard & Poor's Ratings Services has assigned an 'A' long-term corporate credit rating to the Link Reit with a stable outlook while Moody's Investors Service assigned an 'A3' corporate family rating to the trust.
china glass amends deals
China Glass Holdings has postponed and amended some of the deals it made in February regarding the acquisition of seven companies' controlling stakes. The acquisitions of Shaanxi Blue Star Glass and Beijing Qinchang Glass will proceed.
united acquires xuzhou
China United has entered into an agreement to acquire the entire equity interest in Xuzhou Conch for 961 million yuan in cash and a bank loan of 230 million yuan.
fujikon earnings jump
Fujikon Industrial Holdings posted a 16.9 per cent rise in turnover to $1.08 billion for the year to March. Net profit rose 29.4 per cent to $86 million.