GE Capital European Funding Plans 2-Part Bond Offering
Last Update: 8/26/2008 4:38:38 AM
LONDON (Dow Jones)– GE Capital European Funding is planning a three-year
floating-rate note, and a 10-year euro-denominated benchmark bond, said one of
the banks involved in the deal Tuesday.
BNP Paribas SA (BNPQY), Citigroup Inc. (C), Deutsche Bank AG (DB) and JP Morgan
(JPM) have been hired as [...]
SAN FRANCISCO (MarketWatch) — Ambac Financial said on Wednesday that it has no
material exposure to securities backed by subprime second-lien mortgages and
subprime home equity lines of credit, two types of securities that are worrying
Moody’s Investors Service. The rating agency said yesterday that
bigger-than-expected losses on these securities may increase the capital that
bond insurers have to set [...]
Moody’s: Concerns About MBIA, Ambac Capitalization Relative To Aaa Benchmark
Last Update: 5/13/2008 3:30:41 PM
(MORE TO FOLLOW) Dow Jones Newswires
May 13, 2008 15:30 ET (19:30 GMT)
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Citing quarterly real [...]
Ambac Financial Group (ABK) is on track to meet Moody’s Investors Service’s AAA
target capital ratio by the end of the second quarter, the company’s chief
executive said Wednesday.
Bond insurer Ambac relies on a strong credit rating in order to win business. The
current credit crisis has put pressure on several bond insurers’ ratings,
including Ambac, which retains the [...]
Moody’s downgraded the long term senior debt (to Aa2 from Aa1) of Bank of America Corporation and placed a negative rating outlook on the company. At the same time, Moody’s lowered the bank financial strength rating of Bank of America to A- from A, also with a negative outlook, but affirmed the bank’s Aaa rating [...]
NEW YORK (MarketWatch) — U.S. retail gasoline prices for unleaded regular rose by a penny to $3.40 a gallon in the last day, according to the Daily Fuel Gauge Report from AAA. A month ago the price was $3.28 and a year ago the price was $2.87. In Wailuku, Hawaii, prices rose to $4.08 a [...]
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