Industry Report Card: South and Southeast Asian Corporates Oct 04

  • ID: 1781476
  • October 2004
  • Region: Asia
  • Standard & Poors
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  • Ballarpur Industries Ltd.
  • Globe Telecom Inc.
  • NCL Corp. Ltd.
  • PSA Corp. Ltd.
  • PT XL Axiata Tbk.
  • Singapore Power Ltd.
  • MORE

In the past six months, the operating environment for corporations in South and Southeast Asia was relatively stable and the overall credit quality improved modestly. Investor sentiment in the bond market weakened in the second quarter of 2004, due to a combination of high oil prices, government efforts to cool China's economy, and expectations of interest rate hikes. Investor appetite has returned since July, evident from the successful bond issues in August. More corporate bond issues are expected in the near term. Standard & Poor's coverage of rated corporations in the region has further expanded to 61eight more than the previous Report Card. Seven of the eight are rated below investment grade, as they operate in relatively high-risk countries or...

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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- Petroliam Nasional Bhd.
- National Power Corp.
- BIL International Ltd.
- Philippine Long Distance Telephone Co.
- Telekom Malaysia Bhd.
- Tenaga Nasional Bhd.
- Asia Pulp & Paper Co. Ltd.
- Reliance Industries Ltd.
- PTT Exploration and Production Public Co. Ltd.
- Tata Motors Ltd.
- Total Access Communication Public Co. Ltd.
- Advanced Info Service Public Co. Ltd.
- Genting Bhd.
- Tata Power Co. Ltd.
- Indian Railway Finance Corp.
- NTPC Ltd.
- Electricity Generating Authority of Thailand
- Globe Telecom Inc.
- Singapore Power Ltd.
- GlobalFoundries Singapore Pte. Ltd.
- SMRT Corp. Ltd.
- MISC Bhd.
- PT Telekomunikasi Indonesia Tbk.
- PT Indosat Tbk.
- Singapore Telecommunications Ltd.
- PT Telekomunikasi Selular
- PT Indofood Sukses Makmur Tbk
- CapitaMall Trust
- Universal Robina Corp.
- NHPC Ltd.
- SP PowerAssets Ltd.
- San Miguel Corp.
- PT XL Axiata Tbk.
- Ballarpur Industries Ltd.
- PT Kaltim Prima Coal
- Bharti Airtel Ltd.
- PTT Public Co. Ltd.
- Star Cruises Ltd.
- PT Matahari Putra Prima Tbk.
- PT Hanjaya Mandala Sampoerna Tbk.
- PT Citra Marga Nusaphala Persada
- Quezon Power (Philippines) Ltd. Co.
- Double A (1991) Public Co. Ltd.
- Power Finance Corp. Ltd.
- Manila Electric Co.
- PSA Corp. Ltd.
- Indian Oil Corp. Ltd.
- YTL Power International Bhd.
- PT Medco Energi Internasional Tbk.
- Singapore Post Ltd.
- PT Perusahaan Gas Negara (Persero) Tbk.
- PT ANTAM (Persero) Tbk.
- ABS-CBN Broadcasting Corp.
- Continental Chemical Holdings Ltd.
- NCL Corp. Ltd.

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