singapore

Moody’s sees no impact on IOI’s ratings from equity offering

By k on July 27, 2009

Singapore, July 27, 2009 — Moody’s Investors Service sees no rating
impact from IOI Corporation Berhad’s (IOI) announcement of a proposed
equity offering in the form of a renounceable rights issue for a gross
amount of RM1.22 billion.

IOI ratings are Baa1 with negative outlook.

The proposed renounceable rights issue — still subject to approval from
shareholders and regulators — will [...]

Moody’s says Asian bank single-client exposures above N America

By k on June 25, 2009

Singapore, June 25, 2009 — Moody’s Investors Service says that its recent
survey of single-client exposures at banks in Asia (ex-Japan) shows their
credit portfolios as significantly more concentrated than those in North
America.

“Such higher concentrations are due mainly to the region’s banks
demonstrating greater importance — as opposed to North American
institutions — to the financing needs of their [...]

Moody’s sees negative industry outlook for Australia/NZ banks

By k on June 23, 2009

Singapore, June 23, 2009 — Moody’s Investors Service says that its
industry outlook for banking systems in Australia and New Zealand is
negative, reflecting the impact of the slowdowns in global and domestic
economies, but both systems also remain robust.

“The slowdowns are clearly making themselves felt on the performances of
banks in Australia and New Zealand, but the systems [...]

Thailand and Singapore agree to speed up economic cooperation

By k on June 22, 2009

BANGKOK, June 22 (TNA) -  Thai Prime Minister Abhisit Vejjajiva and his Singapore’s counterpart Lee Hsien Loong on Monday agreed to speed up bilateral economic cooperation.
Speaking during a one-day visit to Singapore, the Thai prime minister said both governments agreed to expedite economic, social and security cooperation under existing bilateral frameworks.
Economic cooperation would also take centre stage [...]

PM: Ready to resign after solving political, economic problems

By k on June 22, 2009

SINGAPORE, June 22 (TNA) - Visiting Thai Prime Minister Abhisit Vejjajiva said on Monday he is willing to step down after solving political turbulence and economic problems in the country and completing his chairmanship of the Association of Southeast Asian Nations (ASEAN).
 
Speaking to business executives during his one-day official visit to the island nation, Mr. [...]

Moody’s affirms Vedanta’s ratings with stable outlook

By k on June 17, 2009

Singapore, June 17, 2009 — Moody’s Investors Service has today affirmed
the Ba1 corporate family rating and Ba2 senior unsecured rating of
Vedanta Resources plc (”Vedanta”). The outlook on the ratings is stable.

The rating action follows the acquisition by Vedanta’s subsidiary Sesa
Goa of the mining assets of the Dempo Group for US$368 million; Vedanta’s
offer to increase its [...]

Moody’s affirms CCT’s Baa2 ratings; outlook negative

By k on May 26, 2009

Singapore, May 26, 2009 — Moody’s Investors Service has today affirmed
CapitaCommerical Trust’s (CCT) Baa2 corporate family and Baa3 senior
unsecured debt ratings. The outlook on the ratings is negative.