Speculative-Grade Composite Spread Widens To 1,672 Basis Points
Standard & Poor’s composite spreads widened marginally on Friday, leaving the investment-grade composite at 543 basis points (bps) and the speculative-grade composite at 1,672 bps. By rating, the ‘AA’, ‘A’, and ‘BBB’ spreads expanded 6 bps to 358 bps, 468 bps, and 674 bps, respectively. (more…)
TRIS Rating Affirms Company & Issue Ratings and Assigns New Issue Rating of “ADVANC” at “AA/Stable”
TRIS Rating Co., Ltd. has affirmed the ratings of Advanced Info Service PLC (ADVANC) and its debentures at “AA”. At the same time, TRIS Rating has assigned the rating of “AA” to ADVANC’s proposed issue of up to Bt10,000 million in senior debentures. (more…)
KTC dashed to collaborate with TAT and 3 tourism business associations to revive Thai tourism business. Gathering the best benefits especially for Thai people.
Mr. Thawatchai Thitisakdiskul, Senior Executive Vice President, Credit Card Business, “KTC” or Krungthai Card Public Company Limited said “The mayhem in the country and the closure of Suwannabhumi and Don Muang International Airports together with the slowdown in world economy sent rather harsh impact to tourism business this year because it was the high season of tourism business. (more…)
CIGNA customer response rate buying insurance jumps 50% following its deployment of Customer Value Management
CIGNA Insurance has already commenced the implementation of its three-year-business plan by focusing on harnessing the Customer Value Management (CVM) tool to boost its sales growth. The CVM employment has yielded a rewarding result, represented by the 50 per cent increase of the customer response rate of buying its insurance plans through the telemarketing channel, which brings great satisfaction to all of its business partners accordingly.
Tata Communications Global Internet Service Maintains Connectivity During Triple Cable Cuts
Tata Communications maintained Internet connectivity to its customers in India, Middle East, and South East Asia and restored normal connectivity to its customers in these regions on December 20, 2008, within a day of the triple cable cuts of December 19, 2008. (more…)
Hitachi Data Systems Drives Innovation with the Launch of TrueNorth Channel Partner Program and Inaugural Channel Partner Awards
Hitachi Data Systems Corporation, a wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT) and the only provider of Services Oriented Storage Solutions, today announced the launch of the enhanced Hitachi TrueNorthTM Channel Partner program, with added recognition, benefits and incentives.
Recognised as best-practice on an industry-wide basis, the Hitachi TrueNorth Channel Partner Program has been instrumental in increasing Partner profitability and driving Hitachi Data Systems revenue since its launch in 2004. (more…)
Photo Release: KTC donated 1.13 million Baht medical device to Department of Medicine Chulalongkorn Hospital
Thawatchai Thitisakdiskul (center right) Senior Executive Vice President - Credit Card Business, “KTC” or Krungthai Card Public Company Limited presided over the ceremony presenting the digestive system abnormality detector valued 1.13 million Baht to Prof. (more…)
Photo Release: HSBC WINS BEST BANK IN THAILAND FOR SIXTH CONSECUTIVE YEAR
HSBC in Thailand was named as the Best Bank in Thailand by The Asset Magazine in its Triple A Country Award 2008 for the sixth consecutive year.
HSBC in Thailand achieved an impressive profit growth despite an unfavorable global economic situation and the country’s political uncertainties. (more…)
PTTEP’s subsidiary signs Share Sales Agreement to acquire Coogee Resources Limited
PTT Exploration and Production Public Company Limited (“PTTEP”), through its wholly owned Australian subsidiary, has today signed a conditional Share Sales Agreement to acquire a 100% equity interest in Coogee Resources Limited (“CRL”). CRL is a private company based in Western Australia and engages in investment in, and development of, oil and gas exploration and production assets in Australia.
The purchase price for the 100% equity interest is approximately USD 170 million in cash. (more…)
‘AAA’ Rated Entities Fading From The U.S. Nonfinancial Landscape, Article Says
The demise of the number of entities rated ‘AAA’ is a long, unfolding process, said an article published today by Standard & Poor’s. The article, which is titled “A Look At The U.S. Nonfinancial ‘AAA’ Ranks Through The Decades (Premium),” says the overarching reasons for the shrinking of this elite group over the years have been investors’ increased tolerance for risk and the shift of companies from adopting historically conservative financial policies to placing greater emphasis on shareholder returns.
“Investors’ heightened risk appetite is evident in the growing number of entities tapping the capital markets throughout the ratings spectrum, including the speculative-grade portion, though obviously activity in that area has dropped off sharply in recent months,” noted Diane Vazza, head of Standard & Poor’s Global Fixed Income Research Group. (more…)