Speculative-Grade Composite Spread Tightens To 623 Basis Points
Standard & Poor’s investment-grade and speculative-grade composite spreads tightened on Friday to 185 basis points (bps) and 623 bps, respectively. By rating, the ‘AA’ and ‘A’ spreads compressed one basis point each to 134 bps and 163 bps, respectively; ‘BBB’ tightened 3 bps to 220 bps; ‘BB’ compressed 9 bps to 450 bps; ‘B’ tightened 12 bps to 642 bps; and ‘CCC’ tightened 14 bps to 956 bps.
By industry, industrials and telecommunications tightened the most, compressing by 4 bps each to 321 bps and 295 bps, respectively. (more…)
Thai alternative bourse firms posted net profits in 2009 of over THB2 billion
Fifty-nine out of 60 companies listed on Thailand’s Market for Alternative Investment (mai) have reported their 2009 operating results. Even though total net profits in 2009 dropped by 26% on a year-on-year basis to THB2.22 billion (approx. USD67.42 million), Q4/2009’s net profits were 69% over those of Q3/2009. (more…)
Nearly 10% Of Global Corporate Issuers Were Rated ‘B-’ Or Lower At The End Of 2009, Article Says
Although the share of speculative-grade entities has declined for two consecutive years, the large volume of downgrades in this segment in the past two years has generally resulted in an increase in the number of entities in the lowest rating categories, said an article published today by Standard & Poor’s.
In 2009, 1,309 issuers either defaulted or had lower ratings at the end of the year than they did at the beginning. (more…)
Investment-Grade Composite Spread Tightens Marginally To 188 Basis Points
Standard & Poor’s investment-grade and speculative-grade composite spreads tightened marginally yesterday to 188 basis points (bps) and 634 bps, respectively. By rating, the ‘AA’, ‘A’, and ‘BBB’ spreads compressed one basis point each to 135 bps, 164 bps, and 223 bps, respectively. (more…)
Global Corporate Default Tally Remains Unchanged This Week At 16 So Far In 2010, Article Says
The 2010 year-to-date tally of global corporate defaults remains unchanged at 16, with no issuers defaulting this week, said an article published today by Standard & Poor’s, titled “Global Corporate Default Update (Feb. 26 - March 4, 2010) (Premium).”
By region, the current year-to-date default tallies are 14 in the U.S., one in the emerging markets, and one in the other developed region (Australia, Canada, Japan, and New Zealand).
So far this year, distressed exchanges account for six defaults, Chapter 11 filings account for five, missed interest or principal payments are responsible for four, and the remaining defaulted issuer is confidential.
Our year-end 2010 baseline projection for the U.S. (more…)
UN Set to Boost ICT Capacity of Cambodia
Launch of the Academy of ICT Essentials for Government Leaders in Cambodia Opening Session at the Intercontinental Hotel, Phnom Penh, Tuesday 9 March, 8:30 am
Cambodian human resource capacity in the use of information and communication technology (ICT) for socio-economic development is set to make a great stride with the launch of a United Nations ICT capacity building programme. (more…)
Banpu to Further Focus on Coal Business: Long-term Growth in the Coal Industry Foreseen
Banpu Public Company Limited, an energetic Asian energy company, will focus more on development and expansion of its coal business assets for the next 5 – 6 years, foreseeing that the coal industry will continue growing in the next 20 years.
Mr. Chanin Vongkusolkit, Chief Executive Officer of Banpu Public Company Limited, said during the annual press conference that “According to the Banpu’s long-term strategic plan (2010 – 2015), we will put more emphasis on expansion and development of our coal business both by continuingly developing our existing coal business assets and, at the same time, looking for opportunities to invest in or acquire the new ones because we believe that the coal industry will continue to grow for the next 20 years. (more…)
HP StorageWorks P2000 G3 Modular Smart Array System
HP StorageWorks P2000 G3 Modular Smart Array System
Overview
The new HP StorageWorks P2000 G3 Modular Smart Array (MSA) System enables small to midsize customers to effectively support rapid business growth with a flexible, easy-to-use and affordable storage area network (SAN) solution.
The HP P2000 G3 helps customers scale their storage environments through increased drive capacity. (more…)
Thai bourse’s The Capital Market Center receives great attention
Fifteen companies purchased the Terms of Reference for The Stock Exchange of Thailand’s The Capital Market Center and visited the site on February 26; most of these firms are large property developers, including five listed firms.
“It is a great pleasure for SET to receive more attention from property development companies than anticipated, which shows the project’s potential. (more…)
AsiaNet Daily Summary - Press Releases for Monday, Mar. 1, 2010
TOKYO SUBSIDIARY…
MATTHEWS, N.C.: CEM Corporation (http://www.cem.com ), a leading global
provider of microwave laboratory instrumentation, is pleased to announce the
formation of a new subsidiary headquartered in Tokyo with an additional office
in Osaka, Japan.
http://www.cem.com
SOLAR MARKET…
BERLIN: Germany is home to approximately every second solar module
worldwide, based on industry estimates. (more…)