S&P

Recent Events

News & Analysis

better business bureau and s&p - All News and Analysis

• Foster's sails over debt hump.

  - 2005-06-16

  Jun 16, 2005 (The Sydney Morning Herald - ABIX via COMTEX) Foster's Group has increased its syndicated loan for its Southcorp purchase by $A236.7 million, due to banks' interest in providing the funds. The funds are part of a $A2.7 billion bridge facility to...

  Tags: Better Business Bureau, Commonwealth Bank of Australia, S&P

• Endurance Specialty Holdings Ltd.'s $250M, 30-Year Senior Notes Issue Rated 'BBB'

  - 2004-07-09

  NEW YORK -- On July 9, 2004, Standard & Poor's Ratings Services assigned its 'BBB' senior debt rating to Endurance Specialty Holdings Ltd.'s (NYSE:ENH) issuance of $250 million in 30-year senior notes which are due in 2034. At the same time, Standard & Poor's affirmed its 'BBB' counterparty credit rating...

  Tags: Endurance Specialty Holdings Ltd., Better Business Bureau, S&P

• Royal Group Technologies Limited Responds to DBRS' Rating Action.

  - 2004-07-08

  TORONTO, ONTARIO, Jul 7, 2004 CCNMatthews via COMTEX Yesterday, Dominion Bond Ratings Services ("DBRS") issued a press release stating that it had lowered the rating on Royal Group Technology Limited's (RYG:TSX, NYSE) Medium-Term Notes by one notch to "BBB". At the same time, the...

  Tags: Better Business Bureau, Royal Group, Royal Group Technologies, S&P

• Royal Group Technologies Limited Responds to DBRS' Rating Action

  - 2004-07-07

  TORONTO -- Yesterday, Dominion Bond Ratings Services ("DBRS") (NYSE:RYG)(TSX:RYG) issued a press release stating that it had lowered the rating on Royal Group Technology Limited's (RYG:TSX, NYSE) Medium-Term Notes by one notch to "BBB". At the same time, the trend was changed to Stable, from Negative. Concerns cited surround the...

  Tags: Better Business Bureau, Royal Group, Royal Group Technologies, S&P

• IMB Society secures first investment grade rating

  - 2004-06-30

  IN AN AUSTRALIAN FIRST, Standard & Poor's has assigned a public rating of BBB-long term, A-3 short term to IMB, making it the only building society or credit union in Australia to have ever been given a public investment grade rating. According to IMB chief executive Wayne Morris, the...

  Tags: ABN AMRO, Australia, Better Business Bureau, FINANCE, Investment, S&P

• Endurance Specialty Holdings Ltd.'s $1.8B Shelf Registration Assigned Preliminary Ratings

  - 2004-06-16

  NEW YORK -- A[paragraph]Credit Rating:BBB/Stable/-- A[paragraph]On June 16, 2004, Standard & Poor's Ratings Services assigned its 'BBB' counterparty credit rating to Endurance Specialty Holdings Ltd. and its preliminary 'BBB' senior debt, 'BBB-' subordinated debt, and 'BB+' preferred stock ratings to the company's $1.8 billion universal shelf registration. At the...

  Tags: Better Business Bureau, Endurance Specialty Holdings Ltd., S&P

• S&P Announces: Universal American Financial Group Ratings Off Watch, Affirmed; New Ratings Assigned; Outlook Stable

  - 2004-05-17

  Business Editors NEW YORK--BUSINESS WIRE--May 17, 2004 On May 17, 2004, Standard & Poor's Ratings Services affirmed its 'BBB+' counterparty credit and financial strength ratings on Pennsylvania Life Insurance Co., American Progressive Life & Health Insurance Co. of NY, American Pioneer Life Insurance Co. FL, and PennCorp Life...

  Tags: Better Business Bureau, S&P, Universal American Financial Corp.

• America Movil to issue US$1bn in debt.

  - 2004-03-02

  MEXICO CITY, Mar 02, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The mobile telephone company America Movil is set to issue US$1 billion in debt in the international markets to refinance liabilities and for corporate purposes. The debt will be issued in...

  Tags: Better Business Bureau, FINANCE, J.P. Morgan Chase & Co., MARKETING, Moody's Corp., Morgan Stanley, S&P, TELECOMMUNICATIONS

• S&P Announces: CIGNA Corp. 'BBB' Ratings Affirmed; Outlook Negative; Unit Ratings Kept on Watch Negative

  - 2003-11-18

  Business Editors NEW YORK--BUSINESS WIRE--Nov. 18, 2003 On Nov. 18, 2003, Standard & Poor's Ratings Services affirmed its 'BBB' counterparty credit rating on CIGNA Corp. (NYSE:CI) following CI's announced plans to sell its retirement business to Prudential Financial Inc. for $2.1 billion in cash. The outlook is negative....

  Tags: Better Business Bureau, CIGNA Corp., FINANCE, S&P

• Debt with a twist.

  - 2003-09-25

  Sep 12, 2003 (The Australian Financial Review - ABIX via COMTEX) A new collaterised debt obligation CDO product for retail investors has been launched on the Australian Stock Exchange. HY-FI Securities is principally a product of ABN Amro. The investment pays out interest based...

  Tags: ABN AMRO, Better Business Bureau, FINANCE, investment, S&P