IT was plain bad luck that the announcement of a major international credit rating agency putting the ratings of the Hong Kong Government and 14 top local corporations under review for possible downgrading should have coincided with the unveiling of the SAR's economic resSunday, 28 June, 1998, 12:00am
Moody's Investors Service has placed Swire Pacific and its subsidiaries' debts under review for a possible downgrade.
Moody's said the reassessment reflected concerns over Swire's changing business profile from that of a diversified conglomerate to a company more reliant on its property development and investment dealings.9 Jun 1998 - 12:00am
Ratings agency Moody's Investors Service demonstrated its confidence in the mainland's ongoing reforms yesterday by saying its sovereign foreign-currency rating is on solid ground and can improve depending on the outcome of the 15th Communist Party Congress.16 Sep 1997 - 12:00am
The Hong Kong Monetary Authority said it would recognise the credit ratings of Thomson BankWatch in assessing a debt issue's eligibility to access the Liquidity Adjustment Facility (LAF).
The move would enable the SAR's discount window to accept debts with credit ratings from five agencies, compared with the previous four.16 Sep 1997 - 12:00am
MOODY'S Investors Services said several Thai banks could face solvency problems but failures were unlikely, clarifying a prediction by an agency official that five banks could collapse.
The weakest Thai banks were likely to require official assistance to stay afloat, Moody's was cited as saying in a report yesterday.14 Sep 1997 - 12:00am
Moody's Investors Service has cut power company Tenaga Nasional's credit rating outlook amid concern it may lose its monopoly over electricity distribution in Malaysia. Moody's said it cut the ratings outlook to negative from stable after a 12-hour nationwide power cut on August 3 raised concern the government may let other companies distribute power.15 Aug 1996 - 12:00am