The following is an Asia Pacific Weekly summary of research, ratings actions and announcements from Moody's Investors Service.
Asia Pacific Weekly
Jul 24-31, 2013
Research
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China Property Focus - July 2013 Global Consumer Products: Positive Profit Outlook Despite Challenges Outlook Update: Global Base Metals Stable Rating Trend for Asian Corporates at Mid-Year; Negative Trends Easing in Japan Moody’s Credit Outlook on Jul 25 and Jul 29 [Jul 29] Mongolia's Banks Are Negatively Affected by Savings Bank Failure; Japan’s Official Participation in Trans-Pacific Partnership Talks Is Credit Positive; and more. |
Rating Actions
AUSTRALIA
[Jul 25] Moody's assigns definitive Aaa rating to Series 14-1 of NAB's Covered Bond Programme
[Jul 29] Moody's lowers Newcrest Mining to Baa3; negative outlook
CHINA
[Jul 26] Moody's reviews China Zhengtong's Ba3 rating for downgrade
INDONESIA
[Jul 29] Moody's assigns (P)B2 corporate family and bond ratings to Modernland; outlook stable
JAPAN
[Jul 24] Moody's assigns Aa3 to East Nippon Expressway's bonds
[Jul 24] Moody's assigns Aa3 to JFC's series 36 debt issues
[Jul 26] Moody's assigns Aa3 to JRTT's domestic bonds
[Jul 26] Moody's affirms Kyobo Life's A2 rating with a stable outlook
[Jul 30] Moody's confirms subordinated debt ratings of Japanese banks
KOREA
[Jul 29] Moody's affirms Jeonbuk Bank's ratings and will withdraw ratings
[Jul 30] Moody's reviews Hyundai Steel's Baa3 rating for downgrade
PHILIPPINES
[Jul 25] Moody's: Philippine government ratings on review for upgrade
[Jul 25] Moody's reviews ratings of four Philippine banks for upgrade
[Jul 26] Moody's reviews PSALM's Ba1 rating for upgrade
[Jul 26] Moody's reviews NPC's Ba1 senior unsecured rating for upgrade
Announcements
AUSTRALIA
[Jul 25] Moody's: DEXUS ratings unaffected by its investment in CPA
[Jul 26] Moody's: No rating impact on Liberty Sirius following amendments
[Jul 31] Moody's: No rating impact on Victoria Teachers Trust Series 2012-1 from uplift
CHINA
[Jul 24] Moody's: Agile's Ba2 ratings unaffected by land acquisitions
[Jul 26] Moody's: Yuzhou's ratings unaffected by China Life bonds
HONG KONG
[Jul 26] Moody's: CLPH's ratings unaffected by Australian acquisitions
KOREA
[Jul 26] Correction: Moody's changes rating outlook on three Korean securities firms
[Jul 26] Moody's: Hyundai Motor's 2Q results in line with expectations
[Jul 29] Moody's: Kia Motor's 2Q results in line with expectations
[Jul 29] Moody's: SK Innovation's 2Q results in line with expectations
[Jul 29] Moody's: S-OIL's 2Q 2013 results in line with expectations
[Jul 30] Moody's: Hyundai Mobis' 2Q results in line with expectations
[Jul 30] Moody's comments on LGE's weaker mobile margin in 2Q from 1Q2013
PHILIPPINES
[Jul 26] Moody's: No rating impact on PLDT from sovereign rating action
[Jul 26] Moody's: POSCO's moderate 2Q results are credit negative
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