Walden Siew

Articles

November 24, 09:29pm EST
CORRECTED - OFFICIAL-Fitch upgrades BofA pref stock 

NEW YORK, Nov 24 (Reuters) - Fitch Ratings upgraded the preferred stock rating of Bank of America <BAC.N> on Tuesday by one level to B-plus, the fourth-highest junk rating.  Full Article 

November 20, 12:58pm EST
Moody's may cut Deutsche Bank ratings on credit risk 

NEW YORK, Nov 19 (Reuters) - Moody's Investors Service placed Deutsche Bank AG <DBKGn.DE> on review for possible downgrade on Thursday due to possible credit-related writedowns that may weigh on profits, the rating agency said.  Full Article 

November 20, 12:57pm EST
CORRECTED - Moody's may cut Deutsche Bank ratings on credit risk 

(Corrects Nov. 19 story to remove reference in second paragraph to financial strength rating being five levels below investment grade)  Full Article 

November 18, 01:12pm EST
Hershey credit protection costs soar on bid news 

NEW YORK, Nov 18 (Reuters) - The cost to protect Hershey Co's <HSY.N> debt with credit default swaps doubled on Wednesday after sources said Hershey and Italy's Ferrero would mount a $16-billion plus bid for Cadbury Plc <CBRY.L>.  Full Article 

November 17, 03:58pm EST
S&P cuts ratings on $17 bln worth of U.S. CLOs 

NEW YORK, Nov 17 (Reuters) - Standard & Poor's on Tuesday lowered ratings on more than $17 billion worth of loan portfolios, signaling that credit deterioration continues despite a broader market recovery.  Full Article 

November 16, 06:40pm EST
U.S. regional banks face commercial real estate risk 

NEW YORK (Reuters) - U.S. regional banks face greater exposure to losses due to commercial real estate loans, which may increase their chance of future ratings downgrades, Fitch Ratings said on Monday.  Full Article 

November 11, 02:39pm EST
Central Huijin may sell 80 bln yuan bonds - report 

NEW YORK, Nov 11 (Reuters) - Central Huijin Investment Co, a state-owned company with large stakes in China's largest banks, may sell up to 80 billion yuan ($11.7 billion) of bonds, Bloomberg News reported on Wednesday, citing unnamed sources.  Full Article 

November 05, 03:59pm EST
UPDATE 1-U.S. commercial paper market hits speed bump 

NEW YORK, Nov 5 (Reuters) - The U.S. commercial paper market contracted in the latest week, the first sign of a speed bump for short-term debt markets in the last three months, Federal Reserve data showed on Thursday.  Full Article 

November 05, 03:04pm EST
U.S. commercial paper market contracts in week-Fed 

NEW YORK, Nov 5 (Reuters) - The U.S. commercial paper market contracted in the latest week, the first sign of a speed bump in the last three months for short-term debt markets, Federal Reserve data showed on Thursday.  Full Article 

November 04, 02:47pm EST
Buy GMAC 2012 notes, hold on ResCap - KDP Advisor 

NEW YORK, Nov 4 (Reuters) - Credit research firm KDP Advisor maintained its buy call for bonds of GMAC Financial Services after the lender posted a third straight quarterly loss on Wednesday.  Full Article