HALISTER1: TOPLive Starts: News, Analysis From Sohn Hong Kong Conference

TOPLive Starts: News, Analysis From Sohn Hong Kong Conference

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
1042790Z US (Indus Capital Partners LLC)
1999 HK (Man Wah Holdings Ltd)
9170707Z US (Muddy Waters LLC)
NINEMZ HK (Nine Masts Capital Ltd)
1301432D HK (Oasis Management Hong Kong LLC)

People
Brandon Ho-Ping Lin (SPQ Asia Capital Ltd)
Carson C Block (Muddy Waters Capital LLC)
Dan David (Geoinvesting LLC)
Eashwar Krishnan (Tybourne Capital Management HK Ltd)
James Tu (Nine Masts Capital Ltd)

Topics
Long Investments, Positions

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UUID: 7947283

HALISTER: ECB Determined Banco Popular Was Failing, Likely to Fail (1)

ECB Determined Banco Popular Was Failing, Likely to Fail (1)

(Bloomberg) -- ECB determined on June 6 that Banco Popular Espanol SA was failing or likely to fail in accordance with Art. 18 (1) of the Single Resolution Mechanism Regulation.
  • “The significant deterioration of the liquidity situation of the bank in recent days led to a determination that the entity would have, in the near future, been unable to pay its debts or other liabilities as they fell due”
  • “Consequently, the ECB determined that the bank was failing or likely to fail and duly informed the Single Resolution Board, which adopted a resolution scheme entailing the sale of Banco Popular Espanol SA to Banco Santander SA”
  • ECB comments in statement on website

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)
POP SM (Banco Popular Espanol SA)

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UUID: 7947283

HALISTER1: ECB Preview: Hawkish Risks Underpriced as Draghi May Drop Words

ECB Preview: Hawkish Risks Underpriced as Draghi May Drop Words

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
2539Z GR (European Central Bank)

People
Mario Draghi (European Central Bank)
Gilles Moec (Merrill Lynch International)
Peter Praet (European Central Bank)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Jyoti Steel Cut; Nayak Infrastructure Raised

INDIA RATINGS: Jyoti Steel Cut; Nayak Infrastructure Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Jyoti Steel
    • Long-term bank facilities cut to B from B+ at Crisil
    • Cites stretch in liquidity due to large working capital requirement
  • Rajendra Ispat
    • LT bank facilities cut to B+ from BB- at Crisil
    • Cites lower-than-expected scale of operations, profitability
UPGRADES
  • Akash Ceramics
    • LT bank facilities raised to BB from BB- at Crisil
    • Cites improvement in liquidity due to high operating margin
  • Dinman Polypacks
    • LT bank facilities raised to BB+ from BB- at Crisil
    • Cites increase in scale, better profitability and capital structure
  • Nayak Infrastructure
    • LT bank facilities raised to BBB from BBB- at Crisil
    • Cites increase in revenue while sustaining profitability and working capital cycle
  • Raj Chopra & Company
    • LT bank facilities raised to BBB+ from BBB- at Crisil
    • Cites more-than-expected growth in revenue

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1010870D IN (Akash Ceramics Pvt Ltd)
9770505Z IN (Jyoti Steel Industries)
0881128D IN (Nayak Infrastructure Pvt Ltd)

Topics
Emerging Mkts News, Analysis

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UUID: 7947283