Search results for

As markets mature, credit-risk premiums typically diminish. In this article we discuss exactly where Asia sits on its credit risk curve, and whether its position is appropriate, or deserved. We examine the relationship between credit ratings and corporate yields; we discuss ratings drift, activity, and migration; and we assess the correlation between spreads and equity volatility.

Rating: A

Rating: A

Rating: B1/B+

US insurer American International Group has settled its legal battle with Asset Backed Capital, the London-based structured investment vehicle, over the notorious Hollywood Funding securitisations.

The Republic of Italy is one of the Euromarket's most respected borrowers, but that has not always been the case. When Alberto Giovannini took over Italy's debt management in 1992, its finances were in chaos. Giovannini is credited with turning the republic's position around and re-establishing its standing in the capital markets.

US insurer American International Group has settled its legal battle with Asset Backed Capital, the London-based structured investment vehicle, over the notorious Hollywood Funding securitisations. AIG shocked the asset backed market in early 2001 by refusing to pay claims on credit insurance policies it had written to support Hollywood Funding Nos 4, 5 and 6 - three film finance securitisations placed privately by Credit Suisse First Boston in 1998. The deals had been rated AAA by Standard & Poor's, which saw the insurance as tantamount to a full guarantee, but the bonds defaulted suddenly when AIG denied the claims.

Scuba diving master, speaker of three languages, art collector and wine connoisseuse, Allegra Berman, head of frequent borrower coverage at UBS Warburg, has attributes more suited to a career as an Ian Fleming secret agent than a banker. At the same time as honing these skills, though, she has reached the peak in her field of banking at the tender age of 31.

"God's gift to CSFB," is how Hans-Jörg Rudloff (see profile) described Allen Wheat in 1990, and for a decade or so this scarcely seemed hyperbole.

Allied Domecq has mandated BNP Paribas, Citigroup, HSBC, ING Bank, JP Morgan and Royal Bank of Scotland to arrange its £1bn five year revolving facility.