• Fri
  • Nov 28, 2014
  • Updated: 9:40pm

Credit Rating

DBS keen on mainland banks

The largest lender in Singapore may be looking to lay the foundations to offer services as market grows

Singapore's DBS Bank is in talks to buy stakes in mainland lenders after receiving at least five unsolicited proposals.

Tuesday, 22 July, 2003, 12:00am

DBS keen on mainland banks

The largest lender in Singapore may be looking to lay the foundations to offer services as market grows

Singapore's DBS Bank is in talks to buy stakes in mainland lenders after receiving at least five unsolicited proposals.

22 Jul 2003 - 12:00am

Li companies unfazed by downgrade

Shares in the three main listed companies of tycoon Li Ka-shing held up yesterday despite a credit-rating downgrade from Standard & Poor's.

On Thursday, S&P lowered its ratings on Cheung Kong (Holdings) and associate Hutchison Whampoa from A to A-minus, citing concerns over the group's foray into Europe's third-generation (3G) mobile-phone market.

14 Jun 2003 - 12:00am

Controls concern spurs S&P to downgrade BOCHK

Standard & Poor's has revised its BBB-plus long-term counterparty rating on BOC Hong Kong (Holdings) from stable to negative, citing concerns over the effectiveness of the bank's credit-approval controls. Its A-2 short-term counterparty credit rating on the bank remains unchanged.

12 Jun 2003 - 12:00am

VAT on gas connections dampens sector boom

Investors are worrying about how a 13 per cent levy on initial fees will hit the lucrative returns being offered

China's controversial value added tax (VAT) policy on gas companies has poured cold water on a sector that had been offering investors stunning returns.

22 May 2003 - 12:00am

PCCW hits three-week low after downgrade

PCCW shares fell 3.8 per cent yesterday to a three-week low, after credit agency Moody's Investors Service downgraded the company's primary senior debt rating.

PCCW's bonds also came under selling pressure as its spread widened by 12 basis points following the downgrade on Tuesday.

22 May 2003 - 12:00am

PCCW hits three-week low after downgrade

PCCW shares fell 3.8 per cent on Wednesday to a three-week low, after credit agency Moody's Investors Service downgraded the company's primary senior debt rating.

PCCW's bonds also came under selling pressure as its spread widened by 12 basis points following the downgrade on Tuesday.

22 May 2003 - 12:00am

BEA cool on bailout of Resona

Bank of East Asia's (BEA) investment in its Japanese partner Resona Holdings is not expected to be hurt by the bailout of Japan's fifth-largest bank, according to bankers and analysts.

'We do not expect any significant impact,' a BEA spokeswoman said.

20 May 2003 - 12:00am

Hutchison taps bond market for a third time

The mobile-phone operator is seeking to raise US$1 billion

Hutchison Whampoa is seeking to raise US$1 billion, tapping the bond market for the third time this year in what credit rating agencies say is a prudent refinancing exercise.

14 May 2003 - 12:00am