Tuesday December 12, 2017 11:11

Stcoks Press Release : 08 Nov 2017

PACE ANNOUNCES PLAN FOR RECAPITALIZATION: REDUCING DEBT INTEREST WHILE STRENGTHENING FINANCIAL POSITION WITH RECURRING INCOME FROM DEAN DELUCA AND MAHANAKHON OBSERVATORY Stcoks—08 Nov 17

- Interest expense to reduce more than THB 500 million annually after capital increase and sales of 2 residential developments - DEAN & DELUCA strategic growth plan unveiled, through re-evaluation of retail portfolio, business alliance strategy for

Fitch Affirms Muang Thai Life at #BBB+#; Outlook Stable Stcoks—08 Nov 17

Bangkok--8 Nov--Fitch Ratings
Fitch Ratings has affirmed Muang Thai Life Assurance Public Company Limited's (MTL) Insurer Financial Strength (IFS) Rating at 'BBB+' (Good) and National IFS Rating at 'AAA(tha)'. The Outlooks are Stable.
KEY RATING DRIVERS

The affirmations reflect MTL's good business profile, strong capitalisation, manageable investment risk and strong financial performance. However, MTL's IFS is constrained by Thailand's sovereign IDR of 'BBB+' and rated one notch below the insurer's unconstrained IFS rating of 'A-'. Fitch will not rate MTL above the sovereign due to the company's high level of government debt holdings (67% of fixed-income portfolio at end-1Q17) and its limited business diversification outside Thailand.

MTL has a strong business franchise, with Thailand's largest market share of 19.5% by total premiums at end-1H17, up from its second-ranked position of 17.1% market share at end-2016. MTL remains the leader in the bancassurance channel, with 28% market share, supported by the extensive branch network of its major shareholder, KASIKORNBANK Public Company Limited (KBank, BBB+/Stable).

Fitch expects the company to continue its prudent capital-management policy to ensure an adequate buffer, commensurate with its risk profile, against impending higher-risk charges from the forthcomin

24 Thai listed firms win SET Sustainability Awards 2017 Stcoks—08 Nov 17

The Stock Exchange of Thailand (SET) today grants the "SET Sustainability Awards 2017" to 24 listed companies with sustainability performance excellence. The SET Sustainability Awards of Honor goes to BANPU, PTTGC, SAT, SCC and TOP. Also, 65 listed

mai welcomes Applied DB on November 9 Stcoks—08 Nov 17

Market for Alternative Investment (mai) will list Applied DB pcl, a manufacturer of adhesives, sealants and plastic compound, on November 9 under the ticker symbol "ADB". The company has a market capitalization at its initial public offering (IPO) of THB

Ratings Raised On South African Transaction Transsec 2 (RF)#s ABS Notes Following Stcoks—08 Nov 17

MOSCOW (S&P Global Ratings) Nov. 8, 2017--S&P Global Ratings today raised its credit ratings on Transsec 2 (RF) Ltd. (Transsec 2)'s class A1, A2, A3, A4, A5, A6, B1-Dfrd, B2-Drfd, C1-Dfrd, and C2-Dfrd notes (see list below). Today's upgrades

Energy Partnership (Gas) Pty Ltd. Ratings Raised To #BBB+# On Stronger Outlook Stcoks—08 Nov 17

SYDNEY (S&P Global Ratings) Nov. 8, 2017--S&P Global Ratings said today that it had raised its issuer credit rating to 'BBB+' from 'BBB' on Energy Partnership (Gas) Pty Ltd. (EPG). The outlook is stable. At the same time, we raised the underlying

Vistra #B# Rating Affirmed On First-Lien Debt Proposed Outlook Stable Stcoks—08 Nov 17

SINGAPORE (S&P Global Ratings) Nov. 8, 2017--S&P Global Ratings Services affirmed its 'B' long-term corporate credit rating on Hong Kong-based corporate trust services provider Vistra Group Holdings (BVI) I Ltd. The outlook is stable. We also

KBank to be Customers Life Platform of Choice Stcoks—08 Nov 17

KBank has a new "Customers' Life Platform of Choice" strategy with an IT budget of THB4.0-5.0 billion, p.a., to totally digitalize services, thus to maintain their digital banking leadership. Their goal is to offer a single platform that responds best to

Photo Release: KBank to be Customers Life Platform of Choice Stcoks—08 Nov 17

Recently, at the KBank Phahon Yothin Building, Mr. Predee Daochai (right), Ms. Kattiya Indaravijaya (center) and Mr. Pipit Aneaknithi (left), KASIKORNBANK Presidents, held a press conference on KBank's business plan for 2018. A "Customers' Life Platform

Photo Release: EXIM Thailand Visits National Bank of Cambodia Stcoks—08 Nov 17

Mr. Pisit Serewiwattana (left), President of Export-Import Bank of Thailand (EXIM Thailand), recently paid a courtesy visit to Mr. Sum Sannisith (right), Deputy Governor, National Bank of Cambodia (NBC) to discuss EXIM Thailand's roles in Thai-Cambodia

Photo Release: EXIM Thailand Visits Department of Financial Industry, Ministry of Economy and Stcoks—08 Nov 17

Mr. Pisit Serewiwattana (second left), President of Export-Import Bank of Thailand (EXIM Thailand), recently paid a courtesy visit to Mr. Mey Vann (second right), Director-General, Department of Financial Industry, Ministry of Economy and Finance in

Photo Release: EXIM Thailand Visits Thai Charge Affaires ad interim in Phnom Stcoks—08 Nov 17

Mr. Pisit Serewiwattana (center), President of Export-Import Bank of Thailand (EXIM Thailand), recently paid a courtesy visit to Mr. Darm Boontham (second right), Charge ? Affaires ad interim, Royal Thai Embassy, and Mr. Jirawuth Suwanna-arj (second

Photo Release: KTC jointly with renowned department stores countrywide provide year end gifts in Stcoks—08 Nov 17

"KTC" or Krungthai Card Public Company Limited, by Mr. Suwat Tepprechasakul, Vice President - Credit Card Business, collaborates with renowned 17 Thai department stores, shopping centers and supermarkets, in providing members special privileges in the

[SPSF] Driver Japan Four Beneficial Interests And ABL Ratings Affirmed At #AAA Stcoks—08 Nov 17

TOKYO (S&P Global Ratings) Nov. 8, 2017--S&P Global SF Japan Inc. (SPSF) today said it has affirmed its 'AAA (sf)' ratings on Driver Japan four's beneficial interests 2 and asset-backed loan (ABL) 2 due June 2023 (see list below). The

ExGen Renewables IV, LLC Assigned #BB# Corporate Credit Term Loan Rated Stcoks—08 Nov 17

CENTENNIAL (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings assigned its 'BB' long-term corporate credit rating to Delaware-based ExGen Renewables IV, LLC. The outlook is stable. At the same time, S&P Global Ratings assigned its 'BB+'

University Of North Carolina At Greensboro Series 2017 General Revenue Bonds Rated #A+#; Outlook Stcoks—08 Nov 17

CENTENNIAL (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings assigned its 'A+' long-term rating and stable outlook to University of North Carolina Board of Governors' series 2017 general revenue bonds, issued for University of North Carolina

NP SPE II LLC $343.650 Million Notes Series 2017-1 Assigned Preliminary Stcoks—08 Nov 17

NEW YORK (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings today assigned its preliminary ratings to NP SPE II LLC's $343.650 million fixed-rate secured railcar equipment notes series 2017-1 (see list). The note issuance is an asset-backed

Caesars Palace Las Vegas Trust 2017-VICI $1.55 Billion Certificates Assigned Preliminary Stcoks—08 Nov 17

SAN FRANCISCO (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings today assigned its preliminary ratings to Caesars Palace Las Vegas Trust 2017-VICI's $1.55 billion commercial mortgage pass-through certificates (see list). The issuance is a

BroadStreet Partners Inc. Downgraded To #B# From #B+# On Proposed Dividend Outlook Stcoks—08 Nov 17

NEW YORK (S&P Global Ratings) Nov. 7, 2017--, S&P Global Ratings today lowered its long-term issuer credit rating on Columbus, Ohio-based BroadStreet Partners Inc. to 'B' from 'B+'. The outlook is stable. We also lowered our issue-level ratings

Illinois State Toll Highway Authority#s 2017A Senior Revenue Bonds Rated #AA-#; Other Ratings Stcoks—08 Nov 17

CHICAGO (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings has assigned its 'AA-' rating to the Illinois State Toll Highway Authority's (ISTHA) pro forma $300 million series 2017A toll highway senior revenue bonds. The outlook is stable. At

FREMF 2011-K13 Mortgage Trust Class B Rating Raised Stcoks—08 Nov 17

CENTENNIAL (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings today raised its rating on the class B multifamily mortgage pass-through certificates from FREMF 2011-K13 Mortgage Trust, a U.S. commercial mortgage-backed securities (CMBS)

Textron Inc.#s Proposed $350 Million Senior Unsecured Floating-Rate Notes Due 2020 Rated Stcoks—08 Nov 17

WASHINGTON D.C. (S&P Global Ratings) Nov. 6, 2017--S&P Global Ratings today assigned its 'BBB' issue-level rating to Textron Inc.'s proposed $350 million senior unsecured floating-rate notes due 2020. At the same time, we affirmed our 'BBB'

Successor Agency to the Culver City Redevelopment Agency, CA 2011A Tax Allocation Bond Rating Stcoks—08 Nov 17

SAN FRANCISCO (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings raised its long-term rating to 'AA-' from 'BBB+' on the Successor Agency (SA) to the Culver City Redevelopment Agency, Calif.'s tax allocation bonds, series 2011A. At the same

IMF Staff Completes 2017 Article IV Consultation and Third Review of the Precautionary and Stcoks—08 Nov 17

An International Monetary Fund (IMF) staff team led by Nicolas Blancher visited Morocco from October 25 to November 7, 2017 to conduct discussions with the Moroccan authorities on the 2017 Article IV consultation, as well as on the third review under the

IMF Staff Completes Final Review Mission to Serbia Stcoks—08 Nov 17

An International Monetary Fund (IMF) mission, led by James Roaf, visited Belgrade during October 26 – November 7, 2017, to hold discussions on the eighth and final review under Serbia's precautionary Stand-By Arrangement (SBA) with the IMF. At the

Ulaanbaatar City Pilots External Policy Evaluation to Improve Health and Education Services for Stcoks—08 Nov 17

Ulaanbaatar, November 8, 2017 - On October 31, local non-governmental organizations competitively selected to carry out independent policy evaluation of national programs on health and education presented their proposed methodology and design to district

Government of India and World Bank Sign New Agreement - Over 630,000 Students Expected to Benefit Stcoks—08 Nov 17

New Delhi, November 7, 2017 – The Government of India and the World Bank today signed a $119 million loan agreement for the Odisha Higher Education Program for Excellence and Equity Project. The project will support the government of Odisha in

2nd Conference of the Middle East and North Africa Parliamentary Network Stcoks—08 Nov 17

Rabat, November 7th, 2017 - Parliamentarians from Middle East and North Africa (MENA) countries gathered on November 7-8, 2017 in Rabat for the Second Conference of the MENA chapter of the Parliamentary Network on the World Bank Group (WBG) and the

Post-crisis restrictions on international banking can blunt growth prospects in developing Stcoks—08 Nov 17

WASHINGTON, November 7, 2017 – Growing restrictions imposed on foreign banks operating in developing countries since the 2007/9 global financial crisis are hampering better growth prospects by limiting the flow of much-needed financing to firms and

New Logistics of the Future - Successful Launch of JAC Electric Trucks in Stcoks—08 Nov 17

During the 2017 China (Macau) International Automobile Exposition, New Logistics of the Future -- the Launch of JAC Electric Trucks was successfully held in the JAC exhibition booth at Macau Auto Show. The ceremony had the honor to invite Zhang Xueping,

Czech Asset Management, L.P. ระดมกองทุนวงเงินกู้หมุนเวียน หนุนยอดเงินลงทุนและพันธะการลงทุนภายใต้การจ Stcoks—08 Nov 17

Czech Asset Management, L.P. ("Czech") ประกาศจัดตั้ง SJC Direct Lending Revolver Fund III, L.P., ("SJC Revolver Fund") กองทุนเงินกู้โดยตรงที่มุ่งเน้นวงเงินกู้หมุนเวียนเป็นหลัก ซึ่งทาง Czech

Czech Asset Management, L.P. Raises Revolving Credit Facility Fund - Firm Assets Under Management Stcoks—08 Nov 17

Czech Asset Management, L.P. ("Czech") today announced the formation of SJC Direct Lending Revolver Fund III, L.P., (the "SJC Revolver Fund"), a direct lending fund focused primarily on revolving credit facilities, which Czech expects will serve as a

Corporate China 2.0: The Great Shakeup by Liu Qiao, dean of Guanghua School of Management, Peking Stcoks—08 Nov 17

"Corporate China 2.0" is a candid book that analyzes China's economic success and explains why great firms are vital for its future. Franklin Allen, professor at Wharton, says "This terrific book takes a corporate finance approach to solving China's