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December 14, 2007 |
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ADARO INDONESIA: S&P Withdraws 'B+' Corporate Credit Rating Standard & Poor's Ratings Services withdrew its 'B+' corporate credit and senior secured debt ratings on Indonesia-based coal producer, PT Adaro Indonesia. The withdrawal follows the redemption of Adaro's outstanding US$400 million notes on Dec... Read More |
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HIH INSURANCE: Liquidator May Succeed in Recouping AU$295 Mil. HIH Insurance liquidator is one step closer to a hearing, after the matter of how to deal with the thousands of documents involved in the case was resolved, Susannah Moran writes for The Australian... Read More |
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ICICI BANK: Stationery Maker Sues Bank Sundaram Multi Pap Ltd has filed a lawsuit in the Bombay High Court against ICICI Bank Ltd alleging that the bank misled the stationery firm into taking derivative positions far beyond its underlying export risks, the Business Standard reports... Read More |
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IHI CORP: Posts JPY15.06BB Net Profit for Fiscal Year 2006 After reassessing the profitability of its plant and engineering projects, IHI Corp. released a major correction to its earnings for the fiscal year ended March 31, 2007, posting a consolidated net profit of JPY15.06 billion before tax adjustments,... Read More |
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MANILA ELECTRIC: S&P Affirms 'B-' Long-Term Issuer Credit Rating Standard & Poor's Ratings Services revised the outlook on its ratings on Manila Electric Co. (Meralco) to stable from negative. The 'B-' long-term issuer credit rating on Meralco was affirmed.... Read More |
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NIS GROUP: Alliance with TPG Cues R&I to Remove BB Rating Rating and Investment Information, Inc., has removed its BB issuer rating on NIS Group Co., Ltd. With a stable outlook... Read More |
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QUEZON POWER: S&P Revises Outlook on US$215MM Sr. Secured Bonds Standard & Poor's Ratings Services said today it has revised its outlook on the US$215 million senior secured bonds issued by Quezon Power (Philippines) Ltd. Co. to stable from negative. ... Read More |
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SYMBION HEALTH: Board Still Rejects Primary Health's Offer The board of Symbion Health Ltd. told shareholders to reject Primary Health Care Ltd.'s AU$2.65 billion offer, reiterating that its offer price "does not adequately compensate" the holders, Helen Schuller writes for Egoli News... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
