High credit quality is a requirement for entry into the commercial paper market, but long-term credit quality bond rating is not a sufficient statistic for short-term quality. These characteristics allow firms to issuenear-riskless short-term debt and supply a near-money asset to themarket, thereby reducing their interest costs by the amount...
OLDWICK, N.J. -- A.M. Best has assigned a commercial paper rating of AMB-1+ to The Chubb Corporation's Chubb (NYSE:CB) (Warren, NJ) new 4(2) commercial paper program, effective July 15, 2005 and has withdrawn the commercial paper rating of AMB-1+ previously assigned to the 3a3 program of its subsidiary, Chubb Capital...
MELBOURNE, Australia--BUSINESS WIRE--Standard & Poor's CreditWire 10/12/98 -- Standard & Poor's today assigned its 'A-2' rating to the commercial paper notes issued by Orion Funding Pty. Ltd. Orion under its A$500 million asset-backed commercial paper program. The program was arranged by ANZ Investment Bank.
NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 9/8/98--Standard & Poor's today withdrew its 'A-1' commercial paper rating on First Brands Commercial Inc. upon the request of the servicer First Brands Corp.
This paper will stimulate a debate about the energy performance elements of non-domestic buildings. The energy performance of commercial buildings is important in its own right - but also because their longevity causes high energy consumption to be locked in unnecessarily for decades. Commercial buildings account for about one-sixth of...
MONTERREY, N.L., Mexico--BUSINESS WIRE--Aug. 9, 1995--Bank of America and Banco Mercantil del Norte, S.A. Banorte today announced the successful syndication of a new, one-year US$120 million U.S. commercial paper program for Banorte. Headquartered in Monterrey, Banorte conducts commercial banking operations in 11 Mexican states, with a strong presence in...
Asset-backed commercial paper is a popular form of securitization and increasing numbers of banks are offering the service to satisfy client demand. Residential mortgages made up the majority of asset-backed commercial paper in the past, but the definitioAsset-backed commercial paper is a popular form of securitization and increasing numbers of...
BUENOS AIRES, Argentina--BUSINESS WIRE--Jan. 29, 1997-- BankAmerica and Banco Rio de la Plata S.A. announced the successful signing of a one-year US$270 million U.S. commercial paper program for Banco Rio. This program is a renewal and increase of Banco Rio's first U.S. commercial paper program which was launched in...
NORWALK, Conn. -- GE Commercial Finance, Commercial & Industrial Finance CIF today announced the appointment of Allan Wieman as Industry Leader for the paper, packaging, printing and forest products marketplace.
MELBOURNE--BUSINESS WIRE--Standard & Poor's CreditWire 2/6/98-- Standard & Poor's today assigned its 'A-1'-plus short-term rating to AWB Ltd.'s US$2.5 billion global Euro commercial paper program, A$1 billion domestic commercial paper program, and its US$1 billion U.S. commercial paper program. AWB Ltd. is wholly owned by the Australian Wheat Board (foreign...
MEXICO CITY, MEXICO--BUSINESS WIRE--April 15, 1996--Bank of America and Banco Inbursa today announced the successful syndication of a new, one-year US$150 million U.S. commercial paper program for Banco Inbursa. This program will mark Banco Inbursa's entry into the U.S. commercial paper market. BankAmerica acts as arranger, administrative...
This White Paper details the processes undertaken in developing the Specification of Energy-Efficient Installation Practices for Commercial HVAC Systems hereafter referred to as the Commercial Specification or Specification. It describes the project team, methods, issues, discussions and information basis used to support the resulting content, scope, and depth of the...
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 8/13/97 -- Standard and Poor's today has affirmed its 'A-1'-plus commercial paper rating of Commercial Union PLC CU, guaranteed by Commercial Union Assurance Co. PLC.
As the North American pulp, paper and packaging industries struggle to balance intensifying cost pressures with the vast potential offered by new technologies, research partnerships between academia, government facilities and commercial enterprises offer a critical lifeline and hope for the industry's continued viability.
Motivated by the frequently observed link between commercial property price volatility and banking crises, this paper investigates at a macroeconomic level the determination of commercial property prices and the interaction between commercial property prices and bank lending. It develops a reduced-form theoretical model which suggests bank lending is closely related...
This article is related to commercial papers that are related to equity. The Bond Market Association and The Depository Trust & Clearing Corporation The Bond Market Association and The Depository Trust & Clearing Corporation are jointly issuing this Discussion Paper3 regarding the settlement of U.S. commercial paper CP and...
MELBOURNE--BUSINESS WIRE--Standard & Poor's CreditWire 2/9/98-- Standard & Poor's today assigned its 'A-1'-plus rating to Medical Mortgages Ltd.'s NZ$100 million residential mortgage-backed commercial paper program.
NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 8/25/98--Standard & Poor's today lowered its commercial paper rating on Bandag Inc. to 'A-1' from 'A-1'-plus. Total debt as of June 30, 1998, was about $106 million.
NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 7/18/97 -- Standard & Poor's today has assigned its 'A-2' commercial paper rating to the 4 (2) commercial paper program of Western Atlas Inc.
NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 8/25/98--Standard & Poor's today lowered its commercial paper rating on Bandag Inc. to 'A-1' from 'A-1'-plus. Total debt as of June 30, 1998, was about $106 million.