Pre-migration untagged articles

Moody's has proposed a new rating methodology, to be used when companies are suddenly downgraded after a credit event such as a leveraged buy-out or debt-funded share buyback. The agency is proposing to issue several interim ratings rather than downgrade the issuer, sometimes by several notches, at a single point after an event.

National Grid, the UK electricity and gas network company, continued its opportunistic spree in the international bond markets with a $1bn 10 year debut in dollars this week.

National Grid, the UK electricity and gas network company, continued its opportunistic spree in the international bond markets with a $1bn 10 year debut in dollars this week.

Citigroup is still working hard to market a likely $240m five year high yield bond for Indonesia's Noble Finance, but is facing scepticism from some investors who are concerned about the assets' ownership and financial performance. Although the bonds are secured on three landmark commercial properties in Jakarta and carry features to protect investors' interests and stop the guarantors taking money out before bondholders would be repaid, high yield investors said they remained uncomfortable about the assets' owners.

George Richardson, head of the supranational, sovereign and agency (SSA) coverage desk at Goldman Sachs in London, is leaving the firm after 10 years to join the World Bank's capital markets team in Washington.

French reinsurance company Scor took centre stage in the European subordinated bond market this week with a Eu350m tier one capital issue led by BNP Paribas.

Caisse d'Amortissement de la Dette Sociale, the French state social security deficit financing agency, rounded off its pre-summer issuance bonanza this week by launching a Eu1.25bn inflation-linked bond and its first Kangaroo deal.

Caisse d'Amortissement de la Dette Sociale, the French state social security deficit financing agency, rounded off its pre-summer issuance bonanza this week by launching a Eu1.25bn inflation-linked bond and its first Kangaroo deal.

Credit derivatives dealers have reduced the number of unconfirmed credit default swap trades by an average of 80% since September 30 last year, it was announced this week. This is ahead of schedule. Dealers pledged to cut the number of outstanding confirmations by 70% by the end of June in a letter to regulators on March 10.