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December 18, 2007 |
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AES CHIVOR: Improved Debt Ratio Cues S&P To Lift Ratings to BB Standard & Poor's Ratings Services raised the ratings on AES Chivor & CIA S.C.A. E.S.P. to 'BB' from 'BB-' mainly due to the company's improved financial risk profile, partly evidenced by better debt-service coverage ratios. The outlook is positive... Read More |
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BEAR STEARNS: Receives Subpoena from New York Attorney General New York Attorney General Andrew Cuomo sent subpoenas to Bear Stearns Cos., Merrill Lynch & Co., and Deutsche Bank AG, seeking information related to the packaging and selling of debt tied to "high-risk mortgages," the Wall Street Journal reported... Read More |
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CEMEX SAB: Projects Good Fourth Quarter Financial Results CEMEX, S.A.B. de C.V. has expected EBITDA for the quarter ending Dec. 31, 2007 to be close to US$1,100 million, an increase of about 18% versus the same period last year, while operating income is expected to be close to US$650 million, 6% higher than... Read More |
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CITGO PETROLEUM: S&P Affirms BB Corporate Credit Rating Standard & Poor's Ratings Services has affirmed its ratings, including the 'BB' corporate credit rating, and its senior secured and recovery ratings, on CITGO Petroleum Corp., after the company proposed US$1 billion in unrated, additional secured debt,... Read More |
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COSAN SA: Earns US$17 Million in Fiscal Year 2008 Second Quarter Cosan SA said in a statement that its net profits decreased 67% to US$17.7 million in the second quarter of fiscal year 2008, compared to US$54 million in the second quarter of fiscal year 2007... Read More |
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GRUPO TMM: Directors & Shareholders OK Share Repurchase Program Grupo TMM S.A.B.'s board of directors and the shareholders meeting of Grupo TMM approved a share repurchase program. The company's board gave its approval to constitute a reserve fund to repurchase shares during the last board meeting held in November... Read More |
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MCDERMOTT INTERNATIONAL: Unit Bags Drilling Contract from PEMEX McDermott International Inc.'s subsidiary, J. Ray McDermott, S.A., has been awarded a contract by PEMEX Exploracion y Produccion, Northeast Marine Region, for the fabrication of the Maloob-C Drilling Platform. The project is located in the Ku- Maloob-Zaap... Read More |
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PETROECUADOR: Awards Projector Diesel Supply Contract Ecuadorian state-owned oil firm Petroecuador said in a statement that it has granted Projector a contract to supply Ecuador with 1.2 million barrels of diesel... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
