moody

Moody’s rates Thai banks’ credibility “stabilized”

By k on January 26, 2010

BANGKOK, 26 January 2010 (NNT) – A leading global credit rating firm, Moody’s Investors Service, heightens the credibility evaluation of Thai commercial banks from “poor” to “stabilized,” indicating an improvement in the country’s overall credibility.
Moody’s reported that the fragile political situation in Thailand might cut down the flexibility and abilities of the banks in handling [...]

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 core
products, Aricept — used [...]

sees challenges ahead for Japan’s export-related issuers

By k on August 20, 2009

Tokyo, August 20, 2009 — Moody’s Investors Service says fiscal-year,
first-quarter results for Japan’s export-related issuers show signs of
stabilization but that challenges remain.

A recently published comment by Moody’s notes that FY 1Q09 results
through June for Japan’s major automakers, consumer-electronics firms,
steel producers, and chemical companies are broadly in line with the
rating agency’s expectations of a significant decline [...]

Moody’s affirms Amcor’s rating; outlook developing

By k on August 18, 2009

Sydney, August 18, 2009 — Moody’s Investors Service has today affirmed
the Baa2/P-2 issuer/senior unsecured and short term commercial paper
ratings of Amcor Limited (Amcor). At the same time, the rating outlook
has been changed from negative to developing.

“The change in outlook follows Amcor’s announcement of its binding offer
to Rio Tinto plc for the purchase of Alcan Packaging’s [...]

Moody’s says no rating impact on Hutchison from interim results and Partner sale

By k on August 14, 2009

Hong Kong, August 14, 2009 — Moody’s Investors Service has said today
that Hutchison Whampoa Ltd’s (”HWL”) interim results for 2009 and the
announcement of the sale of Partner Communications Ltd (”Partner”) in
Israel have not had any immediate impact on its A3 ratings. The rating
outlook remains negative.

“HWL’s consolidated operating performance was fairly weak, reflecting the
deterioration in performances [...]

Moody’s: rebound for China property unlikely to improve ratings

By k on August 13, 2009

Hong Kong, August 13, 2009 — Moody’s Investors Service says the rebound
in China’s property market in the first half of 2009 is unlikely to
result in improvement in its ratings for Chinese developers.

A recently published comment by Moody’s notes that the developers have
had a positive first half off the back of a strong turnaround in [...]

Moody’s says Indonesia banking system outlook negative

By k on August 11, 2009

Singapore, August 11, 2009 — Moody’s Investors Service says that the
outlook for the Indonesian banking system is negative over the next 12-18
months, reflecting Moody’s assumptions for fundamental credit conditions
over this timeframe.

“Over the next 12 months, Indonesian banks will face increasing pressures
– particularly on asset quality — but will fare relatively well as the
country’s macro-economic conditions [...]

Moody’s places NRI’s B1 on review for possible upgrade

By k on August 7, 2009

Tokyo, August 07, 2009 — Moody’s Investors Service has placed on review
for possible upgrade its B1 issuer and senior unsecured long-term debt
ratings for Nippon Residential Investment Corporation (NRI).
This review follows the announcement on August 6, 2009 by Advance
Residence Investment Corporation (ADR) and NRI on their basic agreement
of an M&A.
Previously, Pacific Holdings, Inc, a sponsor of [...]

Moody’s downgrades Titan to Caa3; outlook negative

By k on August 4, 2009

Approximately US$380 million of debt securities affected

Hong Kong, August 04, 2009 — Moody’s Investors Service has downgraded the
corporate family rating of Titan Petrochemicals Group Limited (”Titan”)
to Caa3 from Caa1 and its senior unsecured bond rating to Ca from Caa2.
The ratings outlook is negative.

This action follows Titan’s announcement that it has appointed Goldman
Sachs (Asia) Ltd as [...]

Moody’s upgrades Adaro to Ba1

By k on August 3, 2009

Hong Kong, August 03, 2009 — Moody’s Investors Service has today upgraded
the local currency corporate family rating for PT Adaro Indonesia
(”Adaro”) to Ba1 from Ba2.

“The upgrade acknowledges Adaro’s strong and improving operating and
financial profile which has been aided by increasing ASP’s as well as
efforts to improve efficiencies and reduce costs,” says Laura Acres, a
Moody’s [...]

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