Risk-to-Price Commentary: UPM-Kymmene Corp. Sep 10

  • ID: 1711802
  • September 2010
  • Standard & Poors
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  • Air Liquide Finance
  • BHP Billiton Finance Ltd.
  • Lafarge S.A.
  • Linde Finance B.V.
  • Rexam PLC
  • Solvay S.A.
  • MORE

European Central Bank President Jean-Claude Trichet said last week that surveys "confirm the expectation of a moderation" in the second half of this year, both globally and in the 16-nation eurozone. The U.S. Federal Reserve and the Central Bank of England previously showed concern about the global economic recovery mid-August. After Germany's second-quarter GDP growth beat the most optimistic expectations, expanding at the fast pace in two decades, factory orders fell unexpectedly in July and the pace of manufacturing growth eased in August. However, last week's U.S. nonfarm payrolls and Institute for Supply Management manufacturing data, beating market expectations, may have helped convince some investors that the double-dip fears may have been overdone. Stocks actually have begun to stabilize, with...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Solvay S.A.
- Blue Circle Industries PLC
- Ciments Francais S.A.
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- UPM-Kymmene Corp.
- Stora Enso Oyj
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- Rockwood Specialties Group Inc.
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- Clariant Finance (Luxembourg) S.A.
- Titan Global Finance PLC
- BHP Billiton Finance Ltd.
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- Syngenta Finance N.V.
- LANXESS Finance B.V.
- FMG Resources (August 2006) Pty Ltd.

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