February 4, 2008  
FAGE DAIRY: Moody's Cuts Corporate Family Rating to B2
Moody's Investors Service downgraded the corporate family rating
of Fage Dairy Industry S.A. to B2 from B1.  Concurrently,
Moody's downgraded the rating on the EUR130 million Senior Notes
due 2015 to B2 from B1.  The outlook on all ratings is negative...
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FORD MOTOR: Nears Deal w/ Tata on Jaguar & Land Rover Sale
Ford Motor Co. is closing in a deal with Tata Motors Ltd. for
the sale of the American automaker's luxury brands, Jaguar and
Land Rover, The Economic Times reports citing an unnamed source
"who has been briefed on the negotiations."...
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NORTHERN ROCK: Restructuring Proposals Entail Job Losses
Virgin Group, Olivant and Northern Rock plc's management's
restructuring proposals are threatening job losses at the bank,
the Financial Times reports...
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PROMSVYAZBANK FINANCE: Fitch Puts B- Ratings on Upcoming Loan
Fitch Ratings assigned PSB Finance S.A.'s upcoming subordinated
notes issue, expected to be of at least US$100 million and due
January 2018, expected ratings of Long-term 'B-' and Recovery
'RR6'.  The notes will bear interest from 2008 to 2013 at a rate...
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QUEBECOR WORLD: Ernst & Young Appointed as Joint Administrators
Quebecor World PLC, the  UK subsidiary of Quebecor World Inc.,
has been placed into administration...
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TATNEFT OAO: Approves Nominee List for New Board of Directors
OAO Tatneft's board of directors on Jan. 31, 2008, considered
the proposals submitted for the nominations to the Board of
Directors and the Auditing Committee...
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TEREOS EUROPE: High Leverage Prompts Moody's Negative Outlook
Moody's Investors Service changed to negative from stable the
outlook on Tereos's Ba2 Corporate Family Rating and Probability
of Default Rating as well as on the Ba3 rating of Tereos
Europe's senior notes...
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TREOFAN HOLDINGS: S&P Holds CCC+ Ratings on New Commitment
Standard & Poor's Ratings Services affirmed its 'CCC+' corporate
credit ratings on Germany-based flexible packaging producer
Treofan Holdings GmbH and its operating subsidiary Treofan
Germany GmbH & Co. KG...
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