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tokyo
Moody’s withdraws A1 rating for perpetual notes of Norinchukin SPC
By k on August 28, 2009
Tokyo, August 27, 2009 — Moody’s Investors Service has withdrawn the A1 program rating available for perpetual subordinated debt to be issued under the Subordinated Euro Medium Term Note (EMTN) Program of Norinchukin Finance (Cayman) Limited (NFCL), a special purpose corporation of The Norinchukin Bank (Norinchukin). This action reflects Norinchukin’s decision to update its EMTN [...]
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 [...]
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, [...]
Moody’s downgrades Aaa rating of one class and affirms all other ratings
By k on July 29, 2009
Tokyo, July 29, 2009 — Moody’s Investors Service announced today that it has downgraded to Aa1 from Aaa the Class 3 trust certificates of the Tokyo Metropolitan CLO Ninth transaction. The trust certificates had been under review for possible downgrade since May 19, 2009. At the same time, Moody’s says that it has affirmed the [...]
Moody’s assigns A2 ratings to the Sumitomo Corporation’s series 37
By k on July 10, 2009
Tokyo, July 10, 2009 — Moody’s Investors Service has assigned A2 ratings to the issue of Series 37 JPY10 billion due 2019 Japan domestic bonds by Sumitomo Corporation (Sumitomo). The rating outlook is stable. These are takedowns from the company’s JPY200 billion domestic shelf registration of December 2007, which is rated (P)A2. The A2 ratings [...]
Moody’s reviews Restay Hotels TMK deal for possible downgrade
By k on June 22, 2009
Approximately JPY 2.2 billion in a mezzanine specified loan and a specified bond affected Tokyo, June 22, 2009 — Moody’s Investors Service has placed under review for possible downgrade the ratings of Restay Hotels Tokutei Mokuteki Kaisha’s Mezzanine Specified Loan and Specified Bond. Final maturity will take place in May 2014. Mezzanine Specified Loan, Baa1 [...]
moody’s assigns Aaa to Japan Finance Organization for Municipalities’ bond
By k on June 9, 2009
oody’s assigns Aaa to Japan Finance Organization for Municipalities’ bond due 2019; under review for possible downgrade along with other public issuers in Japan Total Amount of Debt Rated is Yen 25 Billion Tokyo, June 09, 2009 — Moody’s Investors Service has assigned a Aaa rating to Japan Finance Organization for Municipalities’ (JFM) Series 1 [...]
Moody’s updates profiles of Japanese CMBS loans
By k on May 26, 2009
Tokyo, May 26, 2009 — Moody’s Investors Service has released a report entitled,”Profile of Japan CMBS Loans: Updated as of End-March 2009.”
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010

BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010

Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]