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Australian Fixed-Income Newsletter: Beyond The Curve Oct 06
Standard & Poors, Oct 2006
Abstract
In what was otherwise a quiet week in the domestic corporate bond market, Publishing and Broadcasting Ltd. set the cat among the pigeons with its announcement Publishing and Broadcasting Ltd., Orica Ltd., Port of Tauranga Ltd. National RMBS Trust 2006-3 and Bank Nederlandse Gemeenten AGL Energy, Alinta Ltd., Republic of Italy, and Publishing and Broadcasting Ltd. In what was otherwise a quiet week in the domestic corporate bond market, PBL set the cat among the pigeons with its announcement of its intention to divest its major media businesses into a joint venture with CVC Asia Pacific. This caused bondholders to rush to review program documentation. The significance of the move is discussed further in 'In the news' below. In the...
Companies mentioned in this report are: National Australia Bank Ltd.,Commonwealth Bank of Australia,Rabobank Australia Ltd.,Orica Ltd.,St.George Bank Ltd.,Bank Nederlandse Gemeenten N.V.,Powerco Ltd.,Publishing and Broadcasting Ltd.,Alinta 2000 Ltd.,Port of Tauranga Ltd.,RMB Australia Holdings Ltd.,St.George Insurance Australia Pty Ltd.,AGL Energy Ltd.,National RMBS Trust 2006-3
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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