|
|
 |
|
Viewing report
|
|
|
|
Australian Fixed-Income Newsletter: Beyond The Curve Oct 06
Standard & Poors, Oct 2006
Abstract
The first week of the fourth quarter was an inauspicious one for the domestic corporate bond market. Issuance volumes have been slowing in the past four months, as chart 1 shows; but last week there was no issuance at all! So where is the market at as we enter the last quarter of 2006? Telstra Corp. Ltd. Nufarm Finance (NZ) Ltd., Total S.A., American Express Credit Corp., and Emirates Bank International PJSC. Santos Ltd. and Ansell Ltd. Latest S&P investment research Volatility is driving credit spreads, for now. The corporate credit environment in Australia and New Zealand remains largely benign, as it has been since 2004. However, the level of risk is slowly ratcheting up. The first week of the...
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.
|
|
|
|
