| S&P Says Allianz SE Ratings 'Not Affected' by Dresdner Separation
Standard & Poor's Ratings Services said that its ratings and outlook on Germany's Allianz SE (AZSE) [currently 'AA'/Stable/'A-1+'] and related entities "are not affected by the group's plans to separate the wholesale and retail-banking businesses of its Germany-based banking subsidiary Dresdner Bank AG into two distinct legal entities" (See IJ web site - http://www.insurancejournal.com/news/international/2008/03/14/88241.htm). .
Fitch Rates Rancho California Water District s $212.5MM Revs AA ; . Outlook Stable
Outlook Stable 14/03/2008 22:31:00 Business Wire Fitch Ratings assigns an AA rating to Rancho California Water District Financing Authority s (the authority) refunding revenue bonds as follows: --$167,170,000 fixed-rate series of 2008A; --$45,355,000 adjustable-rate series of 2008B.
The AA rating for the series 2008B bonds reflects the underlying security.
The 2008B bonds will be enhanced by a direct pay direct pay letter of credit provided by UBS.
Fitch expects to assign a rating to the 2008B based on the credit enhancement closer to the pricing.
In addition, Fitch affirms the AA rating on approximately $87.7 million in outstanding parity bonds.
The Rating Outlook is Stable.
The 2008A bonds will price on or about March 19, while the 2008B bonds will price on or about April 1.
Meet John Bitove
It is 9:15 on a snowy Monday night and John Bitove has spent the entire day in meetings. Now liberated, he arrives in the hotel lounge full of vigour. But his mood quickly deflates. "Ohhhh," he groans as he scans the room. "Should've gone to Hoops." He is standing in the bar of the Fairmont Ch�teau Laurier, a polished staging ground for Old Ottawa power, a haunt of ministers and mandarins. Which is to say, it's as comfortable as an old shoe to Bitove. But he wants none of it tonight. The only prime ministers at Hoops are stuffed inside the cash register, but the place is guaranteed to be showing the basketball game. The two TVs behind the bar here at the Ch�teau look as though they haven't seen action since Trudeau. "This is fine," Bitove decides regretfully, as he settles himself at a table with his back to the bar.
Is Petroleum Additive Maker Looking To Make A Big Acquisition?
The whale in NewMarket's logo pays tribute to a 1962 takeover that headline writers described as "Jonah Swallows the Whale." Today, analysts wonder if the company will try another big acquisition. One analyst says it might amount to "Jonah Swallows the Whale, Part Two." .
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