United States-based Alcoa, the world's largest aluminium producer, has become a strategic shareholder in China Aluminium Corp (Chalco), the country's largest alumina and aluminium producer.Wednesday, 7 November, 2001, 12:00am
Moody's Investors Service will review for possible upgrade the Baa1 long term and P-2 short term foreign currency deposit ratings of the three affiliates of Bank of China after Monday's launch of Bank of China (Hong Kong).3 Oct 2001 - 12:00am
Salomon Smith Barney believes China deserves a low-A credit rating, reflecting its strong external position, robust economic performance and continued progress in corporate and bank restructuring.
The United States investment bank said agencies had put different credit ratings on China due to differences of opinion about its economic outlook.6 Jul 2001 - 12:00am
Ratings agency Moody's has given a conditional green light to prospective debt issues which may be made by Bank of China (BOC) as part of its present restructuring exercise.8 Jun 2001 - 12:00am
Standard & Poor's (S&P) has withdrawn its BB plus corporate credit rating on China Overseas Land & Investment at the company's request.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
Standard & Poor's (S&P) placed a BB-minus corporate credit rating on Chinese Estates Holdings on CreditWatch with negative implications after its proposed acquisition of properties from its controlling shareholder, the Lau family. Chinese Estates agreed to issue HK$200 million in convertible bonds and pay HK$197.5 million cash for the properties.15 Feb 2001 - 12:00am
Swire Pacific's defeat in the arbitration over land charges for Cityplaza developments in Taikoo Shing has drawn mixed reactions from analysts.
The stock fell as much as HK$2.50, or 4.7 per cent, in morning trade yesterday but rallied to close 1.9 per cent down at HK$51.50.18 Jan 2001 - 12:00am
Standard & Poor's (S&P) has affirmed CLP Holdings' rating even though the company's recent purchase of power assets in Australia and India are not expected to provide immediate returns.
S&P yesterday said CLP Holdings and its local arm - CLP Power Hong Kong - would retain their A-plus ratings because of stable outlooks.12 Dec 2000 - 12:00am
Bank of East Asia (BEA)'s bid for a controlling stake in First Pacific Bank (FPB) has won approval from analysts and ratings agencies, though the FPB share continues to languish below the offer price of HK$3.50.23 Nov 2000 - 12:00am
The Kowloon-Canton Railway Corp's (KCRC) credit ratings will remain unchanged despite the rejection of its HK$7 billion Lok Ma Chau rail link on environmental grounds, according to Standard & Poor's.19 Oct 2000 - 12:00am
Credit rating agency Moody's Investors Service has assigned a Baa2 senior unsecured rating to the proposed US$600 million convertible note issue of China Mobile (Hong Kong). The issue is part of China Mobile's fund-raising plan to finance its US$32.84 billion acquisition of seven mobile networks from its parent.14 Oct 2000 - 12:00am
Standard & Poor's (S&P) has assigned a BBB credit rating to the pending US$600 million convertible note issue from China Mobile (Hong Kong).
The bond rating is in line with the triple 'B' corporate rating the agency reaffirmed to China Mobile last week.12 Oct 2000 - 12:00am
Standard & Poor's (S&P) has assigned its BBB minus credit rating to China Petroleum & Chemical Corp, reflecting the stable outlook of the company. The United States agency said downside risks to the rating were limited in view of the firm's intention to maintain adequate financial flexibility and pursue aggressive cost reductions.30 Sep 2000 - 12:00am
Standard & Poor's (S&P) affirmed its AA-plus rating for Manulife (International) in the wake of its capital strength and strong competitive position in the local life insurance and pension markets.
The international credit rating agency maintained its outlook on Manulife's ratings as stable.28 Sep 2000 - 12:00am
The wave of expansion among the region's airports is threatening overcapacity and an increase in competition, according to Standard & Poor's (S&P).
The United States-based ratings agency said airports in Asia were once again enjoying booming demand growth as the region's financial crisis fades.22 Sep 2000 - 12:00am