Spreads are now up 3.7% to $24.10.
Comments »Monthly Archives: March 2011
Moody’s: Quake not likely to affect Japanese auto companies
Japan quake not likely to result in wholesale rating changes for Japanese auto sector.
Comments »However, the disaster’s aftermath will weaken issuers’ operations and financial performance and could have rating implications for certain companies, including Toyota and Yamaha. Nissan and Honda were in better shape prior to the disaster and now face less risk.
March 30 Afternoon S&P Ratings Actions
Idaho Issuer Credit Rating Raised To ‘AA+’ On Budget Practices And Effective Liability Management 30-Mar-2011
14:01 EST
Primus Telecommunications Inc. Senior Secured Notes ‘B’ Rating Remains On CreditWatch Negative 30-Mar-2011
13:55 EST
Sierra Timeshare 2011-1 Receivables Funding LLC $400 Million Notes Assigned Ratings 30-Mar-2011
13:55 EST
Volkswagen Auto Loan Enhanced Trust 2011-1 $1.5 Billion Notes Assigned Ratings 30-Mar-2011
13:49 EST
S&P Corrects Outlook To Negative On Sun Devil Energy Center, AZ’s Bonds 30-Mar-2011
13:45 EST
Cemex S.A.B. de C.V. ‘B’ Rating Affirmed; Senior Secured Debt Rated ‘B’ 30-Mar-2011
13:40 EST
Kalispel Tribal Economic Authority Assigned ‘B+’ Issuer Credit Rating; Senior Secured Credit Facility Also Rated ‘B+’ 30-Mar-2011
13:19 EST
Rating On Hillsborough County, FL’s 2006A Revenue Bonds Raised To ‘A+’ From ‘A’ On Strong Debt Service Coverage 30-Mar-2011
13:00 EST
Los Olivos Elementary School District, CA’s GO Bonds Rating Raised To ‘A+’ On Strong Financial Position 30-Mar-2011
12:58 EST
Oakland, CA Bond Rating Outlook Revised To Stable On Healthy Reserves Despite Revenue Declines 30-Mar-2011
12:56 EST
Huntington University, IN Series 2007 Bond Rating Raised To ‘AA/A-1+’ On Credit Facility Substitution 30-Mar-2011
12:52 EST
Rating Assigned To BBVA’s Credit-Linked Notes In CID Finance (Series 51) 30-Mar-2011
12:52 EST
Middletown Township, NJ GO Debt Rating Withdrawn Due To A Lack Of Adequate Timely Information 30-Mar-2011
12:44 EST
S&P Corrects Rating On Navy Southeast Family Housing’s Series 2007 Class I Bonds 30-Mar-2011
12:21 EST
Portuguese City of Cascais Downgraded To ‘BBB-‘ Following Portugal Downgrade; Outlook Negative 30-Mar-2011
11:59 EST
Cellular One Assigned Preliminary ‘B’ Corporate Credit Rating; Senior Secured Credit Facility Rated ‘B’ (Prelim) 30-Mar-2011
11:43 EST
70 U.S. CDO Ratings Placed On CreditWatch Positive; 14 U.S. CDO Ratings Placed On CreditWatch Negative 30-Mar-2011
11:37 EST
S&P Corrects By Withdrawing Bond Rating On Milton Academy, MA 30-Mar-2011
11:24 EST
Analog Devices Inc. Senior Unsecured Notes Assigned ‘A-‘ Rating 30-Mar-2011
11:23 EST
CITGO Petroleum Corp. Outlook Revised To Stable From Negative; Ratings Affirmed 30-Mar-2011
11:19 EST
Massachusetts Special Gas Tax Bonds Rating Raised To ‘AAA’ On Strong Debt Coverage; Outlook Stable 30-Mar-2011
11:18 EST
S&P Corrects Outlook on Massachusetts Variable-Rate Demand General Obligation Bonds Series 1998A And 1998B 30-Mar-2011
10:52 EST
Universal American Corp. Subsidiaries Remain On CreditWatch Negative 30-Mar-2011
10:42 EST
Amerigroup Corp. Upgraded To ‘BB+’ On Improvement In Business And Financial Profiles; Outlook Stable 30-Mar-2011
10:37 EST
Yuba City, CA’s Series 2006 COPs Rating Raised To ‘A’ On Record Of Maintaining Strong Available General Fund Balances 30-Mar-2011
10:37 EST
Baldwin Park, CA’s Series 2004 Bonds Rating Raised To ‘A’ On Consistent Financial Performance 30-Mar-2011
10:31 EST
Today’s Biggest Winners
Top % Gainers (Price)
Symbol Percent Change (Price)
OXM 30.15%
CEPH 28.11%
BVX 26.39%
RXII 25.40%
ONSM 16.67%
FMAR 15.85%
CVM 15.00%
GENE 14.47%
NLST 14.46%
SURW 14.15%
How to Play The Mobile Internet in China
Tesla Sues BBC for Libel
Planned Layoffs Down in March
Down to a surveyed 41,521, from 50,702. Obviously, the usefulness of this data depends on the acuteness of the surveyed as well as the phrasing of the surveyor. But, in conjunction with the 200,000+ jobs estimated to have been added in March, it’s something.
Comments »Crude Inventories: Prior2.13M; Actual 2.9M
Wednesday March 30 Morning S&P Credit Actions
Oppenheimer Holdings Inc. Rated ‘B+’; Outlook Stable 30-Mar-2011
10:01 EST
Rating On Highlands Borough Board Of Education, NJ’s Certificates Of Participation Is Withdrawn 30-Mar-2011
09:47 EST
Delta Air Lines Inc. Pass-Through Certificates Series 2011-1 Assigned Preliminary ‘A- (sf)’ Rating 30-Mar-2011
09:44 EST
North Texas Tollway Authority’s Series 2011A, B, And C Revenue Bonds Rated ‘AA’ 30-Mar-2011
09:40 EST
Nigeria-Based Access Bank PLC Placed On Watch Negative On Proposal To Combine Business With Intercontinental Bank PLC 30-Mar-2011
09:40 EST
Ratings On Republic Of Cyprus Lowered To ‘A-/A-2’ On Exposure To Greece; Outlook Remains Negative 30-Mar-2011
09:13 EST
Dickinson College, PA Issuer Credit And Bond Ratings Raised To ‘A+’ 30-Mar-2011
08:59 EST
Outlook On Germany-Based DVB Bank Revised To Stable On Improving Risk Profile; Ratings Affirmed At ‘A/A-1’ 30-Mar-2011
08:07 EST
Ashtead Subordinated ‘B+’ Issue, ‘5’ Recovery Ratings Affirmed, ABL Issue And Recovery Ratings Withdrawn On Refinancing 30-Mar-2011
07:29 EST
Manchester Airport Group Outlook Revised To Negative On Weakened Operating Performance; ‘A’ Long-Term Rating Affirmed 30-Mar-2011
06:25 EST
Nokia Long-Term Rating Lowered To ‘A-‘ On Likely Weaker Operating Margins; Short-Term ‘A-1’ Affirmed; Outlook Stable 30-Mar-2011
05:46 EST
Rating Affirmed In ABS Trade Receivables Deal EMILRO Collection Services Due To Stable Credit Performance 30-Mar-2011
05:39 EST
City of Novosibirsk Upgraded To ‘BB/ruAA’ On Prudent Debt Policies And Moderate Budgetary Performance; Outlook Stable 30-Mar-2011
05:33 EST
PT Davomas Abadi Tbk. ‘CCC+’ Rating Placed On Watch Positive Following Uniflora’s Proposed Acquisition Of The Company 30-Mar-2011
04:51 EST
Portugal Telecom ‘BBB/A-2’ Ratings Placed On CreditWatch Negative, Reflecting Exposure To Weak Portuguese Economy 30-Mar-2011
04:13 EST
S&P Corrects And Reinstates Ratings On SMBC Sydney Branch’s CD Program 30-Mar-2011
03:58 EST
German TARGO Lebensversicherung Outlook Now Positive On Potential Change In Group Status; ‘A’ Ratings Affirmed 30-Mar-2011
03:41 EST
Ratings On National Wealth Management Holdings, MLC, & MLC Lifetime Affirmed; Various Actions On Other Subsidiaries 30-Mar-2011
01:57 EST
