What to do now that a spring rally has begun - GS
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Thursday, April 3, 2008
What to do now that a spring rally has begun - GS
Wednesday, April 2, 2008
Singapore Real Estate Developers - GS
Singapore Real Estate Developers - GS
http://www.mediafire.com/?dhpxzcwbh3d
Tuesday, April 1, 2008
Daiwa Daily: Ferrochina, Keppel Corp by JPM, NOL and Wilmar by GS
Daiwa Daily 1 April: Ferrochina
http://www.mediafire.com/?mnm12ycpm53
Keppel Corp 31 Mar by JPM
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NOL 1 April by GS
http://www.mediafire.com/?mj0mtmyhigd
Wilmar 31 Mar by GS
http://www.mediafire.com/?yxnmaydiilm
Monday, March 31, 2008
S&P Cuts Rtgs On SP AusNet Group To A- On Parent Cut
The following is a press release from Standard & Poor's:
MELBOURNE (Standard & Poor's) March 31, 2008--Standard & Poor's Ratings Services today said that it had lowered its long-term rating on SP AusNet Group (SP AusNet) and SP AusNet's subsidiaries to 'A-', from 'A', following a downward revision in the credit quality of its majority owner, Singapore Power Ltd. (SingPower; AA-/Negative/--). The ratings outlook on SP AusNet is negative, reflecting the negative outlook on the parent. At the same time, the ratings were removed from CreditWatch with negative implications. The 'A-1' short-term ratings on SPI PowerNet Pty Ltd. and SPI Electricity & Gas Australia Holdings Pty Ltd. were unchanged due to the strong liquidity position of these two entities. All rated credit-wrapped issues of SP AusNet were also unchanged.
The SP AusNet ratings incorporate reasonable benefit from being 51% owned by a stronger rated parent. Although this benefit has weakened slightly following the revision of the rating on SingPower, SP AusNet's inherent business fundamentals, finances, and underlying credit quality remain sound. We note that SP AusNet accounts for a substantial proportion of SingPower's assets and cash flows, and that the parent remains committed to its Australian operations.
"While the negative outlook signifies possible further pressure on the SP AusNet ratings, any further downgrade will depend on the circumstances that lead to the resolution of the negative outlook on SingPower," Standard & Poor's credit analyst Rosalind Poh said.
SP AusNet rated entities affected by the rating action include: SPI Australia Holdings (Partnership) L.P., SPI PowerNet Pty Ltd., SPI Electricity & Gas Australia Holdings Pty Ltd., and SPI Electricity Pty Ltd.
Singapore Strategy by DB, Wilmar by GS & China Property by Citi
Singapore Strategy 31 Mar: DB (A Must-Read 34 Pages report)
http://www.mediafire.com/?1nqglhuinyk
Wilmar 28 Mar: GS
http://www.mediafire.com/?zvqiybz2gxj
China Property 27 Mar:Citi
http://www.mediafire.com/?myxx2wzhqoz
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