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January 11, 2008 |
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* AP Bond Risk Rises on Countrywide Bankruptcy Concerns The risk of companies and governments in the Asia-Pacific region defaulting on their debt rose for the fifth day on concerns Countrywide Financial Corp., the largest U.S. mortgage lender, will file for bankruptcy, Bloomberg News reports. The Markit... Read More |
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AVAGO TECH: S&P Raises Corporate Credit Rating to 'BB-' from 'B' Standard & Poor's Ratings Services removed its ratings on San Jose, Calif.- and Singapore-based Avago Technologies Finance Pte. Ltd. and related entities, from CreditWatch, where they were placed on Sept. 19, 2007, with positive implications, and... Read More |
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CENTRO PROPERTIES: Invited by ASIC Regarding AU$1-Billion Debt Four Australian Securities & Investments Commission staff had a locked-in discussion with Centro Properties Group, writes Anthony Klan and Michael West of The Australian... Read More |
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ENTERTAINMENT MEDIA: Acquires 51% Controlling Stake in Nexbis Entertainment Media & Telecoms Corporation Limited has entered into an agreement to acquire a controlling interest in Nexbis Sdn Bhd funded by shares and cash that includes a placement to institutional investors arranged by Cartesian Capital and Foresight... Read More |
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ITI LTD: Seeks for INR2,000-Crore Fund Infusion Just three years after a INR1,025-crore fund infusion from the Union government, ITI Ltd is again seeking government bailout, now to the tune of INR2,000 crore, Malovika Rao of livemint.com reported... Read More |
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J-CORE: S&P Upgrades Rating on Class E Trust Certificate to BB+ Standard & Poor's Ratings Services raised its ratings on three classes of J-CORE 8 Trust Certificates' JPY34.5 billion floating-rate trust certificates due December 2012. Standard & Poor's raised its rating on the class C trust certificates to 'AAA'... Read More |
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JAPAN AIRLINES: To Ask JPY60 Billion More From Creditors Japan Airlines International Co. Ltd. plans to ask for a capital injection totaling about JPY60 billion from its four major bank creditors as part of its JPY150-billion capital increase plan, sources familiar with the matter revealed to Kyodo News... Read More |
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LAFAYETTE MINING: In Talks with Four Prospects for Rapu-Rapu Lafayette Mining Ltd. is in talks with four potential investors to raise about AU$152 million for its Philippine copper-mining project, Heather Smith of Bloomberg News 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.
