Thailand Financial News

EXIM Thailand launched its new web-based “Export and Overseas Investment Information Center” to furnish Thai entrepreneurs and the general public with easily accessible and comprehensive information on economic situations in Thailand and its trade counterparts.
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CATERPILLAR CHINA… BEIJING - Caterpillar Inc. announced today plans to build world-class small-sized hydraulic excavators in Nanjing, Jiangsu province, China. www.CAT.com BEIJING ACCOMMODATION… SYDNEY - At 25 June, hotel price comparison website HotelsCombined.com conducted research to determine if there is any accommodation still available throughout the Beijing 2008 Olympic Games and Beijing 2008 Paralympic Games.
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Agence Fran?aise de Developpement (AFD), a French specialised financial institution with a permanent public service mission, has successfully completed the bookbuilding for its inaugural Thai Baht Bond. The 3-year bond worth Thai Baht 1.5 billion has been issued for institutional investors with coupon rate of 5.51%.

Despite the volatile market environment, with AFD’s strong credit rating of “AAA” rated by S&P and Fitch Ratings, the book is well covered by institutional investors who are looking for superior credit quality papers.
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Fitch Ratings-Tokyo/Bangkok/Singapore- 30 June 2008: Fitch Ratings has updated its servicer rating criteria for Thai servicers in a recently published criteria report titled “Thai Servicers Rating Criteria”, covering all types of servicers operating in the country.
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Blue Coat Systems, Inc. (Nasdaq: BCSI), the leader in WAN Application Delivery and Secure Web Gateway, today announced its planned 56 city “Better Together” Road Show, where customers and partners worldwide will be introduced to the company’s new market vision and plans for the future following its recent acquisition of Packeteer, Inc.

Beginning June 18, 2008, Blue Coat’s senior executives, including president and chief executive officer, Brian NeSmith, and senior vice president of worldwide sales, Kevin Biggs, will host a series of half-day events where Blue Coat and Packeteer customers and partners will gather to learn about the acquisition and its impact on the company going forward.
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Mr. Staporn Sirisinha, Senior Executive Vice President – Leisure Marketing Department, “KTC” or Krungthai Card Public Company Limited unveils a new promotional campaign which will allow KTC members to travel at great value. It will be comprised of travel packages, online flight ticket and hotel accommodation booking and travel insurance at the most special price plus the convenience of KTC Flexi installment plan.

National Australia Bank (NAB) has been advised by the Australian Prudential Regulation Authority (APRA) that it has received accreditation under the Basel II Advanced Internal Ratings Based approach for credit risk for its Australian, New Zealand and nabCapital operations from 1 July 2008.
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Moody’s Investors Service downgraded the bank financial strength rating (BFSR) of HSBC Bank USA, N.A. to C+ from B-. In the same rating action, Moody’s affirmed the deposit and debt ratings of HSBC Bank USA, N.A., and the debt ratings of HSBC USA, Inc., its immediate parent.
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Moody’s has downgraded the Bank Financial Strength Rating (from B+ to B) and the senior debt and deposit ratings (from Aaa to Aa1) of Royal Bank of Scotland plc and the senior debt rating of Royal Bank of Scotland Group plc (RBS) from Aa1 to Aa2. The outlook on all ratings is stable.
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Moody’s Investors Service has announced that it has downgraded Fortis Bank SA/NV’s bank financial strength rating (BFSR) to C+ from B- and its long term debt and deposits ratings to Aa3 from Aa2. Furthermore, the BFSR of C+ has been placed on review for possible downgrade while the outlook on the long term debt and deposit ratings remains stable.
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