CHINA'S largest bank, Industrial and Commercial Bank of China (ICBC), has received credit ratings from Standard & Poor's (S&P) and Moody's for the first time.Thursday, 10 November, 1994, 12:00am
CHINA'S largest bank, Industrial and Commercial Bank of China (ICBC), has received credit ratings from Standard & Poor's (S&P) and Moody's for the first time.
S&P assigned the ICBC an implied senior, long-term foreign currency debt rating of BBB and a short-term rating of A2 to certificates of deposit with a positive outlook.10 Nov 1994 - 12:00am
HONG KONG'S financial landscape is changing as fast as its city-scape now that banks and investors realise that its deep pool of cash is finite.
Wharf recently became the first Hong Kong company to gain an international credit rating and one of a handful of rated corporates in the territory.22 Oct 1994 - 12:00am
MOODY'S Investors Service has assigned a Prime-1 rating to the Mass Transit Railway Corp's (MTRC) Samurai commercial paper programme.
The rating was based on the company's strong operating cash flow, good liquidity and sound business and financial base, Moody's said.30 Mar 1994 - 12:00am
THE relationship between Hong Kong and Moody's Investors Service is becoming strained.
One of the few governments in the world which does not owe gigantic sums of money which it has no intention of ever fully repaying, Hong Kong has to sit still and shut up while Moody's warns the world about the ability of the Government and local corporations to pay back what they owe.11 Dec 1993 - 12:00am
MOODY'S expects the market for derivative instruments in Asia to grow, creating a demand for more credit ratings on these new types of liabilities.
The rating agency's vice-president, financial institutions, John Kriz, said: ''Derivatives are management risk tools that are a reality.
''They are here to stay and will probably proliferate.18 Nov 1993 - 12:00am
MOODY'S has given a Baa1 rating to a $120 million long-term loan issued by the People's Construction Bank (PCB), but the rating agency said it was concerned that some of the projects to which the bank had granted loans might not be sound enough to repay their debts.26 Aug 1993 - 12:00am
RESTAURATEUR Carole Allen is a watched woman.
She is on the verge of doing something indecent, and people in the food industry know it.
It all started when business at her Admiralty Centre eatery, the Godown, was good in the lead-up to the recent Rugby Sevens.25 Jun 1993 - 12:00am
THE assignment of a Baa2 rating by Moody's Investors Service to the New York-listed Singer group must have brought a few smiles to the faces of the Semi-Tech management team when the decision was first flashed through.10 Mar 1993 - 12:00am