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Australian Fixed-Income Newsletter: Beyond The Curve Dec 07
Standard & Poors, Dec 2007
Abstract
nab, Bank of Queensland, Nordic Investment Bank, ANZ, Westpac, GE Capital Australia, CBA, Westpac, Macquarie Bank, Bank of America, Wachovia, Bluestone Group Citigroup Inc., Bank of America Corp., Crown Ltd., SP AusNet Group Centro NP LLC, DB RREEF Office Finance 2004-CMBS Trust, Alinta LGA Ltd., Nufarm Ltd., Christchurch City Council, Publishing and Broadcasting Ltd. Adelaide Airport Ltd. Despite expectations to the contrary, there was some minimal issuance in the domestic market last week. nab added A$100 million to its September 2009 FRN line to take outstandings to A$800 million. To again underline the re-pricing of credit risk that has taken place in the second half of this year, the added FRNs priced at 30bps over bank bills compared with the...
Companies mentioned in this report are: Bank of America Corp.,National Australia Bank Ltd.,PNC Financial Services Group,Nordic Investment Bank,Westpac Banking Corp.,Commonwealth Bank of Australia,Bank of England,Macquarie Bank Ltd.,Bank of Queensland Ltd.,Swiss National Bank,Bank of Canada,European Central Bank (Unsolicited Ratings),GE Capital Australia Funding Pty Ltd.,Sapphire XI Series 2007-2 Trust
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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