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December 26, 2007 |
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* Moody's Says Negative Australian Corporate Trend to Persist Moody's Investors Service says Australian corporates in 2007 showed a clear negative credit trend -- driven by M&A activities and the resultant aggressive use of debt -- and this situation is likely to persist into 2008... Read More |
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AMBANK BHD: Fitch Maintains 'BB' Rating on Hybrid Securities Fitch Ratings has revised the Outlook on Malaysia-based AmBank (M) Berhad's ratings to Positive from Stable. Concurrently, the agency has affirmed the bank's Long-term foreign currency Issuer Default Rating at 'BBB-' with a Stable Outlook, Short-term... Read More |
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CITIC PACIFIC: S&P Affirms 'BB+' Corporate Credit Rating Standard & Poor's Ratings Services, on Dec. 24, 2007, affirmed its 'BB+' corporate credit rating on CITIC Pacific Ltd. (CITIC Pacific). The outlook is stable. At the same time, Standard & Poor's affirmed the 'BB+' issue rating on senior unsecured... Read More |
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IFCI LTD: Invites Bids to Value & Buy Stake in Unlisted Firms IFCI Ltd has invited bids from merchant bankers to value and buy its shares in unlisted firms to enable the company to sell them, various reports say. The move came after the finance firm called off its plan to sell 26% of the company to what would... Read More |
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IHI CORP: President Sees Strong Recovery Next Fiscal Year IHI Corp. President Kazuaki Kama is confident that the company will make a strong recovery in the next fiscal year starting April 1, 2008, Jiji Press reports. After revising its financial statement for fiscal 2006 and lowering its earnings to... Read More |
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PHIL. LONG DISTANCE: Wants to Clear Up Foreign Ownership Issues The Philippine Long Distance Telephone Co. wants to resolve all foreign ownership issues cleared up before resuming negotiations with the Japan NTT Group for the latter's possible acquisition of additional shares in PLDT, the Philippine Star reports... Read More |
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PHILCOMSAT: Poblador-Locsin Group Protests Rival's Takeover The Poblador-Locsin group in the Philcomsat Holdings Corp. board is protesting the forced takeover of PHC offices by the Bildner- Africa faction in the Sandiganbayan, saying that the Bildner- Africa members' election as government representatives in... Read More |
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SAPPORO HOLDINGS: To Raise Shipment & Beer Prices in FY2008 Sapporo Holdings Ltd.'s unit will raise the shipment prices of its beer and quasi-beer products on April 1, 2008, due to rising material prices, Jiji Press reports... 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.
