May 2, 2011

Financial & Forex Info | The Australian Capital Circle: Death of Bin Laden Not The End Of Terrorism

Capital Circle Newsletter
Death of bin Laden not the end of terrorism
The death of Osama bin Laden is dominating front pages, but world leaders are warning the fight against terrorism will continue.

The PM's diary: Julia Gillard appeared on Sunrise this morning to discuss the death of Osama bin Laden, telling viewers they should welcome the fact the terrorist leader had been killed. She told viewers: "But we also need to recognise that the death of bin Laden is not the death of al Qa'ida,'' she said, adding it was "certainly not'' time for Australian troops to leave Afghanistan. Ms Gillard conducted further interviews throughout the morning, including with ABC News Breakfast. And she writes today: The death of Osama bin Laden is a great blow against terrorism.
She will spend the day in Canberra before heading to Sydney tonight. She will visit another school today after yesterday's trip to Turner Primary. But the PM did not comment on today's Newspoll (more after the click through).
Tony Abbott will visit Custom Coaches in Villawood, Sydney, today.
As budget day approaches, Wayne Swan will hold a presser later today in Parliament House's Blue Room. Depending on what the RBA does with interest rates today, he may hold a second press conference.
Announceable: Defence Minister Stephen Smith, Resources Minister Martin Ferguson, SA Premier Mike Rann and SA Mining Minister Tom Koutsantonis are travelling to Woomera this morning to announce mining will be allowed in the Woomera Prohibited Area. The area is estimated to hold 62 per cent of Australia's copper deposits and 78 per cent of its uranium deposits, worth more than $35 billion.
Back on screen: Laurie Oakes will interview Mr Swan this Sunday morning.
Slashed and barbecued: The CPSU is in a lather about pending cuts to Canberra's national institutions. In a note to members, the union warns of 17 jobs cut at the National Library, 16 jobs cut at the National Museum, 7 jobs cut and fleet vessels at risk at the National Maritime Museum and 6 jobs and programs cut at the National Gallery. The solution? A barbeque lunch this Thursday. Details <

Financial & Forex Info | The Australian BusinessBriefing: Wall St. Wobbñes as Rally Loses Steam

Update for Tue May 03 08:09:41 EST 2011
Wall St wobbles as rally loses steam
Aus Bus Pix Wall St 110503 Brendan Conway US stocks kicked off May with slim losses, as investors couldn't sustain a rally that followed the death of Osama bin Laden.
Sony shuts down another game network
The Hub - Sony logo UPDATED Ian Sherr SONY shut down a second online video-game unit amid an expanding investigation of a computer hack that may have compromised 77 million users.
Economy weathers disasters setback
Flooded Curragh coalmine David Uren, Economics correspondent THE Australian economy is emerging strongly from the first-quarter slump caused by the run of natural disasters.
Tribute to Macquarie's David Clarke
David Clarke memorial service Scott Murdoch CORPORATE and political leaders have paid tribute to former Macquarie chairman David Clarke.
Chevron applies to raise Gorgon output
LNG Andrew Burrell CHEVRON has applied to boost planned production at its $43 billion Gorgon liquefied natural gas project in Western Australia.
Telstra outlines $600m upgrade
David Thodey Mitchell Bingemann TELSTRA is positioning itself for a major move on the small business sector with a $600 million upgrade to its broadband network.
Nasdaq details hostile bid for NYSE
Nasdaq Jacob Bunge NASDAQ and ICE have outlined a formal offer to buy NYSE Euronext for $US11 billion, taking their hostile plan directly to shareholders.
Woolies unveils hardware venture
Woolworths Blair Speedy RETAIL giant Woolworths has unveiled the branding for its big-box hardware joint venture just months ahead of its first store opening.
Financial Markets
Wall St wobbles as rally loses steam
Aus Bus Pix Wall St 110503 Brendan Conway US stocks kicked off May with slim losses, as investors couldn't sustain a rally that followed the death of Osama bin Laden.
Gold edges up to record on weak $US
Oil falls 0.4pc after volatile session
Financial Markets Coverage
Mining & Energy
Gold edges up to record on weak $US
gold pour Tatyana Shumsky GOLD eked out a record high, while silver pared earlier losses as traders refocused on lingering concerns about the weaker US dollar.
Oil falls 0.4pc after volatile session
Chevron applies to raise Gorgon output
More Mining & Energy Coverage

CBS NEWS Coverage of Breaking Space News: shuttle launch slips to May 10 Possibly Later

05:50 PM EDT, 05/02/11: Shuttle launch slips to May 10, possibly later

CBS News

KENNEDY SPACE CENTER, FL--Work to replace and retest an electrical distribution box in the shuttle Endeavour's engine compartment will push the crew's next launch attempt to at least May 10, agency managers said Monday. An official launch date is expected Friday, after repairs are complete.

In the wake of a launch scrub last Friday, NASA managers said Sunday the next attempt to launch Endeavour on its 25th and final mission would be delayed to Mother's Day at least and possibly longer.

A more realistic assessment Monday, based on a detailed review of the work needed to replace the suspect aft load control assembly, showed it would not be possible to complete repairs in time to start a fresh countdown Thursday for a launch on Sunday.

Instead, mission managers agreed to target May 10 as a "no-earlier-than" date pending successful repairs. If that scenario holds up, a fresh countdown would start around 9:30 a.m. EDT (GMT-4) Saturday for a launch attempt at 11:21 a.m. next Tuesday, May 10. But engineers believe it will be difficult to meet that target and that May 11 is a more realistic option.

Endeavour was grounded Friday when telemetry showed hydraulic power system fuel line heaters were not working properly. Subsequent tests isolated the problem to aft load control assembly No. 2 in the shuttle's engine compartment.

The ALCA is one of three electrical switching units in the aft compartment that routes power to a variety of critical systems. Replacing ALCA No. 2 is relatively straight forward, but verifying that all the downstream systems are properly connected and operating is expected to take two full days.

The replacement unit should be in place Tuesday, clearing the way for testing to begin. Engineers also will evaluate the faulty unit to verify the presumed fault.

A launch on May 10 at 11:21 a.m. would set up a docking at the International Space Station around 8:20 a.m. on May 12. The shuttle's primary payload, a $2 billion particle physics experiment, would be attached to the lab's power truss the next day.

Four spacewalks would carried out on May 14, 16, 18 and 20 with undocking on tap around 1:15 a.m. on May 22 and landing back at the Kennedy Space Center around 5:50 a.m. on May 24.

Going into Endeavour's final launch campaign, NASA managers planned to add two days to Endeavour's mission to give the crew more time to help out with needed station maintenance.

But with Friday's launch delay, the prospects for a mission extension are not clear cut because of the scheduled undocking of a Russian Soyuz ferry craft on May 23. Three of the station's six crew members will be returning to Earth that day and they must adjust their sleep shifts to accommodate the re-entry and landing time.

For a launch on May 8, two extension days were still available for Endeavour's crew, assuming an Air Force Atlas rocket gets off on time Friday.

For a launch on May 9, one extension day is available but for a launch on May 10, station crew sleep shifting and other factors would preclude any additional days for the shuttle crew, officials said. For a launch on May 11, both extension days should be available.


CBS News Space Updates:

NASA Shuttle Web:

NASA Station Web:

Spaceflight Now:


Financial & Forex Info | Reuters - Technology Report


RIM showed off a new version of its BlackBerry Bold phone with upgraded software, aiming to regain its stride after last week's profit warning and other recent stumbles. RIM also said it will manage corporate and government communications sent using Apple's iPhone and iPad, and devices running Google's Android software, through its secure BlackBerry Enterprise Server.

The BlackBerry Bold Touch, the model most geared toward the business market, has a 2.8-inch screen and retains the company's trademark physical qwerty keyboard with a 1.2 GHz processor. It will ship with a near-field communication (NFC) chip, allowing the phone to be used as a mobile wallet, executives said at the annual BlackBerry World conference in Orlando. The Bold Touch running on Blackberry OS 7 will be released sometime this summer. The new OS won't be supported on older devices, the company said.

Sohaib Athar, a resident of Abbottabad, the Pakistani city where Osama bin Laden was holed up in a fortified mansion, "liveblogged the Osama raid without knowing it", setting off a firestorm of activity on Twitter.

Sony Online Entertainment temporarily shut down its online games service. A spokesman for the online games unit said the service was taken down at 1:30 am Pacific time on Monday. The spokesman declined to say how many customers were affected and none were alerted beyond a terse message on its website. Sony Online Entertainment is a division of the global electronics company that operates online games such as "EverQuest" and is separate from the PlayStation video game console division.

Sony won over some gamers by offering free access to its PlayStation Network to compensate for the leak of personal details on 78 million user accounts, but still had some way to go to regain the trust of consumers.

It’s doubtful that Sony's handling of the Playstation debacle will be its Watergate, but so far it’s not its Tylenol, either, writes Wired's John C. Abell.

Dish Network and EchoStar will pay TiVo $500 million to settle a patent infringement lawsuit involving TiVo's video recording technology, putting an end to a long and costly legal battle.

CBS Evening News with Kate Couric: Inside the raid on Osama Bin Laden's compound

The CBS Evening News with Katie Couric newsletter

Hi everyone,
Tonight, I'm reporting from "Ground Zero," where nearly 3,000 people lost their lives on September 11, 2001. This site, which has seen so much sorrow, was the scene of an impromptu celebration late last night, when word came that U.S. Special Forces had killed Osama bin Laden in Pakistan. Special Report: the Killing of Osama Bin Laden President Obama summed up what a lot of people were thinking when he said "this is a good day for America." But he was also quick to point out that al Qaeda remains a serious threat. National Security Correspondent David Martin will report on all the known details of the raid in Abbottobad. Chief White House Correspondent Chip Reid will describe the decision process within the White House, including how and when the President gave the order to go ahead. We'll also take a close look at the role of Pakistan in all of this. Elizabeth Palmer reports from Islamabad. And Chief Foreign Affairs Correspondent Lara Logan examines what the Pakistanis knew - especially considering bin Laden was hiding a half mile from that country's version of West Point. And we'll have reaction from the families of those who died on 9/11. Byron Pitts speaks with those who lost spouses and parents. Jim Axelrod spent the day with police and firefighters, the first responders still on the frontline in the war on terror. Katie Couric

Female jockey rides for Kentucky Derby history Jockey Rosie Napravnik, 23, wants to become first woman to win Kentucky Derby; Five have tried, best finished in 11th place

Royal newlyweds' responsibilities to charity As Duke and Duchess of Cambridge, Kate and William's new life will incorporate royal responsibilities to charity

Inner-city youth escape trouble at urban ranch Compton Jr. Posse teaches kids how to ride horses and trains them for competitions, allowing them to stay out of trouble

CBS NEWS | Political Hotsheet Top Stories: Scott Brown to train in Afghanistan

The CBS News Political Hotsheet newsletter


The senator from Massachusetts will spend a short period in Afghanistan to fulfill regular National Guard training requirements
Read full story
Scott Brown to train in Afghanistan

Bin Laden's death may reopen torture debate As details emerge surrounding Osama bin Laden's death, questions about "enhanced interrogation techniques" re-surface

Obama's move WH counterterrorism adviser John Brennan calls Obama's decision to go after bin Laden "one of the gutsiest calls of any president in recent memory"

Obama monitored Osama bin Laden attack in real time White House counterterrorism adviser John Brennan calls monitoring of attack "anxiety-filled"

White House: We would have taken bin Laden alive Counterterrorism adviser says U.S. forces would have taken in Qaeda leader alive "if we had the opportunity"

The Economist : Selected New Articles: Lexington | Democracy in America | Free Exchange | Gulliver | Videographic | Audio | Online debate

Lexington reports on the killing of Osama bin Laden
Democracy in America looks at the implications for the 2012 presidential race
Free exchange notes the reaction on Intrade
Clausewitz examines the evolution of al-Qaeda
Gulliver looks at the debate over fuel prices in America
Videographic: Where do workers get the most days off?
Audio: Our finance editor and Buttonwood columnist discuss PIMCO, the price of gold and strong bank results
Online debate: AV or FPTP? Which is better for Britain?

NYT: Afternoon Business News: Two Years After a Bankrupcy, Chrysler Post a Profit


2 Years After a Bankruptcy, Chrysler Posts a Profit

Chrysler, the only Detroit automaker to lose money last year, earned $116 million in the quarter as it sold more cars at higher prices.

Nasdaq-Led Bid for NYSE Euronext Turns Hostile

Nasdaq OMX and Intercontinental Exchange say they will take their $11 billion offer directly to shareholders.

Rajaratnam Away as Jurors Begin 2nd Week of Deliberation

A conspicuous absence and a mysterious meeting in the the judge's chambers, as the wait for a verdict continues.

Global Air Alliances Advance, Raising Competition Concerns

Ticketing on intercontinental trips is smoother, but some travelers blamed reduced competition on some routes for higher fares.

Game Systems Upgraded at a Dial-Up Speed

There are several reasons for extending the life of a video game console, but one reason predominates: cost.

Financial & Forex Info | Reuters Daily Investor Update: Wall Street Closes Slightly Lower

Wall Street closes slightly lower
NEW YORK (Reuters) - Stocks slipped on Monday, as an early bounce on Osama bin Laden's death gave way to questions around the longevity of the market's recent rally. | Full Article

Raj Rajaratnam has infected foot, absent as jury meets
May 02, 2011 03:51 PM ET
NEW YORK (Reuters) - Hedge fund founder Raj Rajaratnam did not appear in court on Monday on the sixth day of jury deliberations in his insider trading trial after undergoing emergency foot surgery, his lawyer said. | Full Article
Nasdaq and ICE going hostile in bid for NYSE
May 02, 2011 03:21 PM ET
NEW YORK (Reuters) - Nasdaq OMX Group and IntercontinentalExchange Inc will take their $11.1 billion takeover bid for NYSE Euronext straight to the exchange operator's shareholders with a tender offer. | Full Article
Lawyer for money manager Ken Starr pleads guilty
May 02, 2011 04:34 PM ET
NEW YORK (Reuters) - A former lawyer for a large U.S. law firm pleaded guilty on Monday to conspiring to launder almost $19 million for his one-time client Kenneth Starr, a money manager known for representing celebrities. | Full Article
Factories hold up despite slower growth
May 02, 2011 04:07 PM ET
NEW YORK/WASHINGTON (Reuters) - Business at U.S. manufacturers grew a bit more slowly for a second straight month in April but their costs rose to the highest level in nearly three years, an industry report showed on Monday. | Full Article
World on alert after U.S. kills bin Laden
May 02, 2011 03:15 PM ET
WASHINGTON/ABBOTTABAD, Pakistan (Reuters) - World leaders warned of revenge attacks after Osama bin Laden was killed in a U.S. assault in Pakistan on Monday that brought to a dramatic end the long manhunt for the al Qaeda leader who had become the most powerful symbol of Islamist militancy. | Full Article
Pakistan vital to defeating al Qaeda: White House
May 02, 2011 03:49 PM ET
WASHINGTON (Reuters) - The U.S.-Pakistani relationship is vital to defeating al Qaeda, the White House said on Monday, but acknowledged "differences of opinion" between the two governments over fighting Islamic militants. | Full Article
Obama says world a better place with bin Laden dead
May 02, 2011 02:41 PM ET
WASHINGTON (Reuters) - President Barack Obama said on Monday the world was a better place after the death of al Qaeda leader Osama bin Laden. | Full Article
Suspicious package investigated in NY's Times Square
May 02, 2011 03:51 PM ET
NEW YORK (Reuters) - New York City authorities briefly shut down a street in Times Square after investigating a suspicious package on Monday which turned out not to be dangerous, the city's fire department said. | Full Article
Inconceivable Osama had no support in Pakistan: White House
May 02, 2011 02:17 PM ET
WASHINGTON (Reuters) - A top White House official said it was "inconceivable" Osama bin Laden had not had a support system to help him inside Pakistan, but he declined to speculate if there had been any official Pakistani aid. | Full Article
"Autism epidemic" challenged by UK research
Washington governor vetoes medical pot licensing bill
Family meals might help kids keep a healthy weight
Not all young Australian men want more sex: survey
Kids needn't avoid altitude after mountain sickness

The Washington Post | Post Politics Afternoon Edition: The Fix: The political implications of Osama bin Laden's death

The Washington Post

Politics Afternoon Edition


  1. The Fix: The political implications of Osama bin Laden's death

    Washington woke up to a changed political landscape this morning as the news of the death of Osama bin Laden began to seep into the national consciousness. That much political strategists and partisans on both sides of the aisle agree.
    » Read full article
  2. Fact Checker: How much credit does Obama get?

    It happened on his watch, but he built on efforts started in the Bush administration.
    » Read full article
  3. 2chambers: Lawmakers eye Pakistan

    "They've got a lot of explaining to do," said Sen. Carl Levin (D-Mich.) during a news conference Monday.
    » Read full article
  4. BlogPost: Politicians offer words of support and caution

    As news broke of Osama bin Laden's death, reactions from politicians around the country came in with well-wishes for the troops and the president, as well as words of caution that the fight was not finished. Here are some of the responses.
    » Read full article
  5. Scott Brown going to Afghanistan for National Guard duty

    Massachusetts Republican Sen. Scott Brown announced that he's going to Afghanistan as part of his service as a lieutenant colonel in the Massachusetts Army National Guard. He requested to do his annual two weeks of training there.
    » Read full article

Standard & Poor's Latin America Highlights

Standard & Poor's LatinAmerica Highlights

Selected Reports

Industry Report Card: Stable Credit Quality In Latin American Oil And Gas Companies Is Likely To Continue, But High Oil Prices Pressure Importers

Standard & Poor's Ratings Services' outlook for most of the oil and gas companies we rate in Latin America remains stable. Most of these companies should benefit from positive regional economic growth prospects in 2011 and 2012.

Reporte Sectorial: Banca mexicana preparada para un mayor crecimiento en 2011

Los resultados de la banca mexicana durante 2010 fueron buenos y aunque el crecimiento de la cartera total fue conservador – dado el entorno económico –, la cartera vencida mantuvo su tendencia a la baja al situarse en 2.3% a diciembre 2010 de 3.08% en diciembre 2009.

Estados Unidos Mexicanos (México)

Las calificaciones de los Estados Unidos Mexicanos (México) reflejan el amplio compromiso del
gobierno con una política macroeconómica estable, la ausencia de desequilibrios económicos,
cargas moderadas de la deuda fiscal y externa en medio de una flexibilidad fiscal limitada y las
modestas expectativas de crecimiento en el mediano plazo.

Rating News


Standard & Poor's asigna calificación a los Títulos de Cancelación de Pasivos de la provincia del Neuquén

Buenos Aires, 25 de abril de 2011.- Standard & Poor's Ratings Services asignó su calificación global de ‘B (sf)' a los Títulos de Cancelación de Pasivos (‘TICAP') por hasta US$260 millones a tasa fija con vencimiento en 2021 (véase el listado al final) de la Provincia del Neuquén (‘Neuquén o la ‘Provincia').


Belize 'B/B' Ratings Affirmed; Outlook Remains Stable

NEW YORK (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'B' long-term and 'B' short-term foreign- and local-currency sovereign credit ratings on Belize.


Anúncio da associação com a ERSA feito pela CPFL Energia S.A não afeta imediatamente seus ratings

São Paulo (Standard & Poor’s), 27 de abril de 2011 – A Standard & Poor’s Ratings Services disse hoje que os ratings atribuídos à holding CPFL Energia S.A. (CPFL Energia: brAA+/Estável/--) e às suas subsidiárias não são imediatamente afetados pelo anúncio de sua associação com a ERSA - Energias Renováveis S.A. (ERSA: sem rating da S&P), uma vez que não esperamos uma mudança significativa nas suas métricas de crédito.

Criação de nova holding não afeta os ratings da Camargo Corrêa S.A.

SÃO PAULO (Standard & Poor’s) 29 de abril de 2011 – A Standard & Poor’s Ratings Services disse hoje que os ratings atribuídos à Camargo Corrêa S.A. (CCSA: BB/Negativa/--) e à Camargo Corrêa Cimentos S.A. (CCC: BB/Negativa/-- e brAA-/Negativa/--) não são afetados de imediato pelo anúncio da CCSA de criação de uma nova holding, a InterCement Participações S.A. (“InterCement”).


Standard & Poor´s afirmó en ´BBB+´ la clasificación de Enersis S.A. y de su deuda senior no garantizada; La perspectiva es estable.

BUENOS AIRES (Standard & Poor's) 19 de abril de 2011 – Standard & Poor's Ratings Services afirmó hoy sus calificaciones ‘BBB+' de la compañía eléctrica chilena Enersis S.A. La perspectiva es estable.

English version

Standard & Poor´s afirmó en ´BBB+´ las clasificaciones de Empresa Nacional de Electricidad S.A. (Endesa) Chile y de su deuda senior no garantizada; La perspectiva es estable.

BUENOS AIRES (Standard & Poor's) 19 de abril de 2011 – Standard & Poor's Ratings Services afirmó hoy sus clasificaciones ‘BBB+' de la compañía chilena generadora de energía eléctrica Empresa Nacional de Electricidad S.A. (Endesa) Chile.

English version


National Commercial Bank Jamaica Ltd.: ANALYSIS

Standard & Poor's Ratings Services' ratings on National Commercial Bank Jamaica Ltd. (NCB) are constrained by the sovereign rating on Jamaica (B-/Stable/C) due to the bank's high exposure to securities and loans with the government and public entities.


Fundamento: Petróleos Mexicanos (PEMEX)

Las calificaciones de Standard& Poor's Ratings Services de Petróleos Mexicanos (PEMEX) reflejan nuestra opinión de que existe una probabilidad casi cierta de que el gobierno mexicano le ofrecería apoyo extraordinario oportuno y suficiente en caso de problemas financieros.

Boletín: Calificaciones de América Móvil sin impacto tras la multa impuesta por la autoridad antimonopolio mexicana

México, D.F., 19 de abril de 2011.- Standard & Poor's Ratings Services dijo hoy que las calificaciones de América Móvil S.A.B. de C.V. (América Móvil; A-/Estable/-- y escala nacional, mxAAA/Estable/mxA-1+) no se ven afectadas tras la multa impuesta por la Comisión Federal de Competencia (Cofeco) por incurrir en prácticas monopólicas en el mercado de terminación de llamadas en teléfonos móviles.

S&P coloca calificaciones de Alestra en Revisión Especial con implicaciones negativas, tras anuncio de adquisición por parte de ALFA

México, D.F., 19 de abril de 2011.- Standard & Poor's Ratings Services colocó hoy las calificaciones de riesgo crediticio y de deuda de ‘B+' de Alestra S. de R.L. de C.V. (Alestra) en el listado de Revisión Especial ( CreditWatch ) con implicaciones negativas tras el anuncio del acuerdo entre ALFA S.A.B. de C.V. (no calificada) y AT&T Inc. (A-/Estable/A-2) para adquirir 49% de las acciones de Alestra en manos de AT&T, y por consiguiente tener el control total del grupo de telecomunicaciones.


Republic of Suriname

The ratings on the Republic of Suriname reflect the country's improving macroeconomic fundamentals, with robust medium-term growth prospects, a solid debt position (with net general government debt at less than 20% of GDP at year-end 2010), and, most important, legislative and institutional efforts to preserve these accomplishments beyond the current economic and political cycles.


Summary: Administración Nacional de Combustibles Alcohol y Portland

Standard & Poor's Ratings Services' rating on Uruguay's government-owned oil and cement company, Administracion Nacional de Combustibles Alcohol y Portland (ANCAP), reflects our opinion that there is a very high likelihood that the government of the Oriental Republic of Uruguay (BB/Stable/B) would provide timely and sufficient extraordinary support to ANCAP in the event of financial distress.

Banco Bilbao Vizcaya Argentaria Uruguay 'BB/B' Counterparty Credit Ratings Affirmed; Outlook Remains Stable

BUENOS AIRES (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'BB/B' counterparty credit ratings, on Banco Bilbao Vizcaya Argentaria S.A. (BBVA Uruguay).

Citibank N.A. (Uruguay Branch) Ratings Affirmed At 'BB/B'; Outlook Stable

BUENOS AIRES (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'BB/B' counterparty credit rating on Citibank N.A. (Uruguay Branch).

Discount Bank Latin America S.A. (DBLA) 'BB/B' Counterparty Credit Ratings Affirmed; Outlook Remains Stable

SAO PAULO (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'BB/B' counterparty credit ratings on Uruguay-based Discount Bank Latin America (DBLA).


Bolivarian Republic of Venezuela

The ratings on the Bolivarian Republic of Venezuela are constrained by political factors and are supported by the sovereign's strong external and fiscal positions.

C.A. La Electricidad De Caracas

The rating on C.A. La Electricidad De Caracas (EDC) reflects a deterioration of its stand-alone credit profile (SACP), which we recently revised to 'b-' from 'b'.