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Australian Fixed-Income Newsletter: Beyond The Curve Feb 07
Standard & Poors, Feb 2007
Abstract
The strong start to February continued in the domestic corporate bond market last week, with four deals adding A$3.0 billion to issuance for the month, taking the total to more than A$5.0 billion. Boral, Qantas The Griffin Coal Mining Company Pty Ltd. BHP Billiton Ltd. In Standard & Poor's view, this landmark decision is a negative development for Australia's financial and capital markets. The strong start to February continued in the domestic corporate bond market last week, with four deals adding A$3.0 billion to issuance for the month, taking the total to more than A$5.0 billion. This puts the market well on target to meet and exceed the February 2006 issuance total of A$7.5 billion, after less than two weeks....
Companies mentioned in this report are: BHP Billiton Ltd.,Bank of America Corp.,Westpac Banking Corp.,Commonwealth Bank of Australia,Morgan Stanley,Qantas Airways Ltd.,Landwirtschaftliche Rentenbank,ASB Finance Ltd.,Landeskreditbank Baden-Wuerttemberg - Foerderbank (L-Bank),GE Capital Australia Funding Pty Ltd.,Boral Ltd.,Queenslanders Credit Union Ltd.,MyState Financial Ltd.,Griffin Coal Mining Company Pty Ltd. (The),Reliance Rail Finance Pty Ltd.,ConQuest 2007-1 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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