Moody’s says

Moody’s changes Eisai’s A2 rating outlook to negative

By k on January 13, 2010

Tokyo, January 13, 2010 — Moody’s Investors Service has changed the rating outlook for the A2 issuer rating and senior unsecured rating of Eisai Co., Ltd. (Eisai) to negative from stable. This action is based on Moody’s view that Eisai’s overall credit metrics could weaken after the expiration of the patent for one of its [...]

Moody’s says Taiwan banks’ operating environment challenging

By k on December 16, 2009

Singapore, December 16, 2009 — Moody’s Investors Service says in a new report that the Taiwanese banking system faces a challenging operating and regulatory environment, but there are also signs of improvement. The report, “Banking System Profile for Taiwan,” further notes that systemic support is expected to be extended to Taiwanese banks, should they need [...]

Moody’s changes Mitsui O.S.K.’s A3 rating outlook to negative

By k on October 31, 2009

Tokyo, October 29, 2009 — Moody’s Investors Service has changed to negative from stable the outlook for the A3 issuer rating of Mitsui O.S.K. Lines Ltd. (MOL) and the senior unsecured debt ratings of its supported subsidiaries and Mitsui O.S.K. Finance Plc. and Euromol B.V. The outlook change reflects the pressure exerted on MOL’s earnings [...]

Moody’s assigns first-time (P)B2 ratings to PT Chandra Asri; outlook stable

By k on October 26, 2009

Hong Kong, October 26, 2009 — Moody’s Investors Service has today assigned a provisional (P)B2 corporate family rating to PT Chandra Asri (“Chandra Asri”). At the same time, Moody’s has assigned a provisional (P)B2 senior secured bond rating to the proposed senior secured notes issued by Altus Capital Pte. Ltd., an entity wholly owned and [...]

Moody’s assigns Backed-Aaa to Kiwibank’s A$250mln Fixed Rate Notes Notes

By k on October 20, 2009

Sydney, October 16, 2009 — Moody’s Investors Service has assigned a first-time, Backed-Aaa rating to Kiwibank’s new A$250mln fixed rate notes (“Notes”), which carry guarantees from both New Zealand Post Limited and Her majesty the Queen in right of New Zealand. The rating outlook is stable. “This is Kiwibank’s first issuance utilizing the Crown Wholesale [...]

Moody’s reviews BBI Finance’s B1/B2 ratings with direction uncertain

By k on October 3, 2009

Sydney, October 02, 2009 — Moody’s Investors Service has today placed Babcock and Brown Infrastructure Group’s (BBI) B1 corporate family rating on review with direction uncertain. In addition, the B2 senior secured rating of BBI Finance Pty Ltd is on review with direction uncertain. “The review considers BBI’s equity recapitalisation proposal involving a potential cornerstone [...]

Moody’s assigns Aa3 rating to NAB’s USD600m Perpetual Capital Notes

By k on September 24, 2009

Sydney, September 24, 2009 — Moody’s Investors Service has assigned a rating of Aa3 to National Australia Bank’s (NAB) USD600 million Perpetual Capital Notes, issued through its New York branch. The rating outlook is negative. “The Aa3 rating is 2 notches lower than NAB’s senior unsecured debt rating of Aa1, and reflects the structure of [...]

Moody’s speaks on 2010 sovereign, financial and corporate outlooks for Korea

By k on September 15, 2009

Hong Kong, September 15, 2009 — Moody’s Investors Service will discuss in detail its 2010 sovereign (currently stable) banking (currently negative) and corporate (also negative) outlooks in an investor conference to be held this week in Seoul. The briefing will be held in conjunction with Moody’s affiliate, Korea Investors Service (“KIS”). “This is Moody’s 7th [...]

Moody’s assigns Baa2 rating to Toshiba’s domestic unsecured bond JPY20 billion of debt affected

By k on September 3, 2009

Tokyo, September 03, 2009 — Moody’s Investors Service has assigned a Baa2 rating to Toshiba Corporation’s (Toshiba) Series 47 JPY 20 billion senior unsecured domestic straight bond, due 2013. The rating outlook is negative. The rating reflects Toshiba’s strong presence in the electronics industry, with a diversified customer base and wide range of products, ranging [...]

Moody’s says it will closely monitor implications of DPJ policies

By k on August 31, 2009

Tokyo, August 31, 2009 — Moody’s Investors Service says that it will closely monitor the implications of the policies of the Democratic Party of Japan (DPJ) — after its win in Sunday’s election over the Liberal Democratic Party (LDP) — for Japanese issuers, from corporates to financials to regional governments. “At this early stage, we [...]

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