NEW YORK -- Fitch has affirmed the short-term rating on Stanford University's (the university's) commercial paper CP program at 'F1+'. On Feb. 13, 2008, the university's board of trustees approved a $300 million increase in total CP program authorization from $350 million to $650 million. The additional CP capacity will...
CHICAGO -- Fitch Ratings has assigned a rating of 'F2' to a new private placement commercial paper CP program implemented by Tyco International Finance S.A. TIFSA and guaranteed by Tyco International Ltd. TIL.
STOCKHOLM, Sweden -- Saab AB publ (STO:SAABB) establish a Commercial Paper program which gives Saab AB publ the possibility to issue in SEK and EUR up to a maximum amount of SEK 3.000.000.000. The Commercial papers have a duration from one day but shorter than one year.
NEW YORK -- Fitch Ratings has assigned an 'F1' rating to the 4(2) commercial paper CP program of The McGraw-Hill Companies, Inc (McGraw-Hill). The new program replaces McGraw-Hill's prior CP program.
NEW YORK -- Fitch Ratings has assigned an 'A' rating to Tribune Company's senior unsecured notes offering, consisting of $450 million 4.875% due 2010 and $330 million 5.25% due 2015. The company's commercial paper CP is affirmed at 'F1' and the Rating Outlook is Stable. Proceeds from the offering are...
OLDWICK, N.J. -- A.M. Best has assigned a commercial paper rating of AMB-1+ to The Chubb Corporation's Chubb (NYSE:CB) (Warren, NJ) new 4(2) commercial paper program, effective July 15, 2005 and has withdrawn the commercial paper rating of AMB-1+ previously assigned to the 3a3 program of its subsidiary, Chubb Capital...
Moody's Investors Service has assigned a Prime-1 rating to the commercial paper issued by ICICI Bank Limited ("ICICI," rated Ba2/NP/C-) through its $500 million fully supported commercial paper program. ICICI, acting through its offshore Moody's Investors Service has assigned a Prime-1 rating...
MEXICO CITY, Sep 03, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Standard & Poors (S&P) has given a rating of "mxA-1+" to a Program of Commercial Paper for 8 billion pesos (US$695 million) registered b MEXICO CITY, Sep 03, 2004 (Notimex/Corporate Mexico by...
CHICAGO -- Fitch Ratings has downgraded and removed from Rating Watch Negative Citizens Communications Company's Citizens senior unsecured debt to 'BB' from 'BBB' and the rating assigned to Citizens Utilities Trust 5% company obligated mandatorily redeemable convertible preferred securities due 2036 EPPICs to 'BB-'. In addition, Fitch has withdrawn the...
As pressure increases on corporations to reduce their reliance on short-term financing, the bond market appears to be taking up much of the slack. While commercial paper sold in the US market in March fell by a record $33.3 billion, investment-grade corporate bonds issued in the same month hit an...
SAN ANTONIO -- SBC Communications Inc. (NYSE: SBC) announced today it will issue a total of $2 billion of debt that will be used for general corporate purposes, including repayment of a portion of the company's commercial paper borrowings.
The Brazilian iron & steel company CSN signed yesterday an agreement with Bank of America so as to raise US$300mil through a US commercial papers issue. The capital will be used to finance coal imports and the company's exports. The issuance ...
NEW YORK -- Fitch Ratings expects to downgrade the debt ratings of Whirlpool Corporation WHR one notch to 'BBB' and affirm the rating on Whirlpool Corp.'s and Whirlpool Finance B.V.'s commercial paper programs at 'F2' upon completion of the Maytag merger, which remains subject to Department of Justice and Maytag's...
In late September, several weeks before Enron contacted the White House, a lobbyist for General Motors asked the folks at 1600 Pennsylvania Avenue to help the company with a ratings-related problem at the Securities and Exchange Commission. The White HousIn late September, several weeks before Enron contacted the White House,...
BASF AG has issued over $1 billion in commercial paper over the Internet since February using cpmarket.com, exceeding its expectations. The cpmarket.com platform links institutional investors with issuers of ... BASF AG has issued over $1 billion in commercial paper over the Internet...
