HALISTER1: INDIA RATINGS: PCP International Cut; Terai Ispat Raised

INDIA RATINGS: PCP International Cut; Terai Ispat 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
DOWNGRADE
  • PCP International
    • Long-term bank facilities cut to BB+ from BBB- at Crisil
    • Cites subdued business risk profile over the medium term because of declining sales
UPGRADE
  • Terai Ispat
    • LT bank facilities raised to BB- from B at Crisil
    • Cites change in analytical approach of the rating company, leading to consolidated stronger business and financial risk profile

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0919503D IN (PCP International Ltd)
1022514D IN (Terai Ispat Trading Ltd)

Topics
Emerging Mkts News, Analysis

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UUID: 7947283

HALISTER1: Taiwan Prosecutors Clear Mega Bank Staff of Money-Laundering

Taiwan Prosecutors Clear Mega Bank Staff of Money-Laundering

(Bloomberg) -- There is no evidence suggesting bank staff were involved in money-laundering, Taipei District Prosecutors Office says in statement on its website.
  • Bank was fined by New York State Dept. of Financial Services because of insufficient anti-money laundering compliance mechanism: statement http://tinyurl.com/oszxyqt
  • NOTE: Taiwanese Bank Chief Quits After U.S. Money-Laundering Breaches Link
  • NOTE: Taiwan’s Top Financial Regulator Resigns Over Mega Controversy Link
  • NOTE: Taiwan’s Mega fined $180m by NY Dept of Financial Services Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2886 TT (Mega Financial Holding Co Ltd)

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UUID: 7947283

HALISTER1: Macau casinos cash in again as China’s luxury sector rebounds

Macau casinos cash in again as China’s luxury sector rebounds

Alert: HALISTER1
Source: FTI (Financial Times)

Tickers
LVS US (Las Vegas Sands Corp)
WYNN US (Wynn Resorts Ltd)

People
Geoff Freeman (American Gaming Association)
Lui Yiu Tung (Galaxy Entertainment Group Ltd)
Vitaly Umansky (Sanford C Bernstein & Co Inc)
Xi Jinping (People's Republic of China)

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UUID: 7947283