Bond Credit Rating

Briefs, October 31, 2012

New rules for bond ratings on the way

Wednesday, 31 October, 2012, 2:30am

S&P drops Spain bond ranking to near 'junk'

Spanish leader Mariano Rajoy is delaying a call for aid. Photo: EPA

Spain's debt rating has been cut to one level above junk by Standard & Poor's, which cited mounting economic and political risks as the government considers a second bailout.

The country was lowered two levels to BBB-minus from BBB-plus, S&P said yesterday.

12 Oct 2012 - 3:00am

Moody's proposal sends Nine Dragons shares up

Nine Dragons Paper (Holding) said yesterday it had received a proposal from Moody's Investor Services after Standard & Poor's dropped the scrap paper recycler's rating, causing its shares to plunge to a two-year low on Tuesday.

16 Jun 2011 - 12:00am

Transparency the key for any ratings agency

The reputation of the big credit-rating agencies took a bashing as a result of their role in the global financial crisis. For these agencies to provide a useful service for investors, they need to have the expertise, independence and courage to make tough calls on the products, companies or indeed nations they rate.

15 Jul 2010 - 12:00am

In Brief

see corp takes $20m stake in cinema chain operator

See Corp is to take a stake in Hong Kong cinema chain operator Golden Harvest Entertainment, subscribing to two-year convertible notes issued by Golden Harvest for $20 million. The price is 22 cents per share and See Corp will take 90 million shares, or a 6.4 per cent stake.

moody's upgrades DBS

10 May 2006 - 12:00am

S&P withdraws rating

Standard & Poor's (S&P) has withdrawn its BB plus corporate credit rating on China Overseas Land & Investment at the company's request. The Hong Kong-based firm has no rated debt issues.

9 Mar 2001 - 12:00am

New blow looms for economy

A fresh blow to the beleaguered economy loomed yesterday with the warning of a possible downgrade by another international credit rating agency.

Moody's Investors Service put Hong Kong's A3 debt rating on review for a possible downgrade.

Another rating agency, Standard & Poor's, downgraded Hong Kong's sovereign credit rating by one notch on Tuesday.

5 Sep 1998 - 12:00am

Baogang on credit watch after possible mergers announced

Rating agency Standard & Poor's yesterday placed Baoshan Iron & Steel Corp's (Baogang) BBB plus foreign currency corporate credit rating on credit watch with negative implications. This followed Baogang's announcement that it would look into combining its business with those of Shanghai Metallurgical (Group) Holding Corp and Shanghai Meishan (Group).

11 Aug 1998 - 12:00am

Australian National Industries rating

STANDARD and Poor's has confirmed the BBB-plus long-term rating and the A2 short-term rating of Australian National Industries (ANI), after the company's takeover offer for Palmer Tube Mills.

The offer values Palmer at A$191 million (about HK$1.08 billion).

The credit rating agency said that the debt ratings outlook remained stable.

4 Aug 1994 - 12:00am