M2 Banking & Credit News

-Fitch Assigns a- Rating to Pekao Bank Hipoteczny

BANKING AND CREDIT NEWS-September 8, 2010--Fitch assigns A- rating to Pekao Bank Hipoteczny (C)2010 M2 COMMUNICATIONS http:// www.m2.com 7 September 2010 - Fitch assigned today a long-term issuer default rating of A- and a national long-term AA(pol) rating to Polish Pekao Bank Hipoteczny SA (Pekao BH).

-Zions First National Bank Provides Usd15m in Debt Financing to Amedica

BANKING AND CREDIT NEWS-September 8, 2010--Zions First National Bank provides USD15m in debt financing to Amedica (C)2010 M2 COMMUNICATIONS http://www.m2.com 7 September 2010 US lender Zions First National Bank has extended a USD15m (EUR11.7m) debt facility to Amedica Corp, the orthopaedic implant firm said.

-Vontobel, Ubs, Deutsche Rank Among Top Issuers of Structured Products On Scoach in August

BANKING AND CREDIT NEWS-September 8, 2010--Vontobel, UBS, Deutsche rank among top issuers of structured products on Scoach in August (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Bank Vontobel (SWF:VONN), Zuercher Kantonalbank, UBS (VTX:UBSN), Deutsche Bank (ETR:DBK) and Julius Baer (VTX:BAER) were the biggest issuers of structured products at the Scoach exchange in August, Swiss structured products association SVSP said Tuesday.

-Am Best Keeps Alterra Bermuda's Fsr at A

BANKING AND CREDIT NEWS-September 8, 2010--AM Best keeps Alterra Bermuda's FSR at A (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - AM Best confirmed on Tuesday the A (excellent) financial strength rating (FSR) and the "a" issuer credit ratings (ICRs) of Alterra Bermuda Ltd, which is an amalgamation of Alterra Capital Holdings Ltd's (NASDAQ:ALTE) Bermuda operating subsidiaries Alterra Insurance Ltd and Harbor Point Re Ltd.

-Am Best Gives 'a' Rating to Hannover Finance Luxembourg's Bond

BANKING AND CREDIT NEWS-September 8, 2010--AM Best gives "a" rating to Hannover Finance Luxembourg's bond (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - AM Best set on Tuesday a debt rating of "a" to the EUR500m (USD635.8m) subordinated fixed to floating rate bonds recently issued by Hannover Finance (Luxembourg) SA and guaranteed by German Hannover Rueckversicherung Aktiengesellschaft (Hannover Re).

-Us Invesco, Swiss Gam Keen to Acquire Italian Unicredit's Pioneer

BANKING AND CREDIT NEWS-September 8, 2010--US Invesco, Swiss GAM keen to acquire Italian UniCredit's Pioneer (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - US investment manager Invesco (NYSE:IVZ) and Swiss asset manager GAM Holding (ETR:GAD) are allegedly keen to acquire Italian UniCredit's (BIT:UCG) unit Pioneer, daily Il Messaggero reports today without naming its sources.

-Soc Gen Stock Drops in Paris On Tue As Wsj Puts Stress Tests Results in Doubt

BANKING AND CREDIT NEWS-September 8, 2010--Soc Gen stock drops in Paris on Tue as WSJ puts stress tests results in doubt (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Societe Generale (EPA:GLE) fell by 3.85% to EUR42.61 at close yesterday on Euronext Paris where banking stocks were hit by an analysis of the Wall Street Journal questioning the results of the stress tests in Europe.

-S&P Changes Bristow's Recovery Rating to 3

BANKING AND CREDIT NEWS-September 8, 2010--S&P changes Bristow's recovery rating to 3 (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - S&P corrected to 3 from 4 the recovery rating on US helicopter services provider Bristow Group Inc's (NYSE:BRS) unsecured debt, reflecting the agency's projection for a sensible recovery of between 50% and 70% in an event of default.

-Jcr Rates Aichi's Bonds at Top-Notch

BANKING AND CREDIT NEWS-September 8, 2010--JCR rates Aichi's bonds at top-notch (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - JCR set on Wednesday its highest investment- grade rating to the upcoming bonds of Japan's Aichi prefecture, backed by its sufficient financial strength and tax base.

-Russian Sberbank Considers Placing More Eurobonds by End-2010

BANKING AND CREDIT NEWS-September 8, 2010--Russian Sberbank considers placing more eurobonds by end-2010 (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Russia's top lender Sberbank (MCX:SBER03) mulls over tapping the eurobond market again this year, cheered up by the over-subscription of its July issue, the head of the bank's treasury operations department, Andrey Golikov, said today.

-Russian Sberbank Official Says No Plans for Gdrs Issue in 2010

BANKING AND CREDIT NEWS-September 8, 2010--Russian Sberbank official says no plans for GDRs issue in 2010 (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Russia's major lender Sberbank (MCX:SBER03) is not considering placing global depositary receipts (GDRs) untiol the end of the year, board member Alexander Morozov said on Wednesday.

-Dbrs Rates Home Depot's Note Issue at a ('Low')

BANKING AND CREDIT NEWS-September 8, 2010--DBRS rates Home Depot's note issue at A ("low") (C)2010 M2 COMMUNICATIONS http:// www.m2.com 8 September 2010 - DBRS said Tuesday it had assigned a rating of A ("low") with a "stable" outlook to the USD1bn (EUR788m) senior notes to be issued by US home improvement retailer The Home Depot Inc (NYSE:HD).

-Dbrs Gives a ('High') to Enbridge Pipelines' New Issue

BANKING AND CREDIT NEWS-September 8, 2010--DBRS gives A ("high") to Enbridge Pipelines' new issue (C)2010 M2 COMMUNICATIONS http:// www.m2.com 8 September 2010 - DBRS yesterday assigned an A ("high") rating with a "stable" outlook to the CAD250m (USD238m/EUR188m) 2.93% unsecured medium-term notes issue of Canadian crude oil pipeline operator Enbridge Pipelines Inc.

-Crisil Gives B+/P4 to Yashaswi Fish Meal and Oil Co's Bank Facilities

BANKING AND CREDIT NEWS-September 8, 2010--CRISIL gives B+/P4 to Yashaswi Fish Meal and Oil Co's bank facilities (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - CRISIL said yesterday it has rated the bank facilities of Yashaswi Fish Meal and Oil Company at B+/stable/P4.

-Bnp, Citi, Hsbc, Jpmorgan to Organise Australian Singtel Optus' Bond

BANKING AND CREDIT NEWS-September 8, 2010--BNP, Citi, HSBC, JPMorgan to organise Australian Singtel Optus' bond (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Australian telecom operator SingTel Optus has mandated BNP Paribas (EPA:BNP), Citigroup (NYSE:C), HSBC (LON:HSBC) and JPMorgan (NYSE:JPM) to manage its planned benchmark-sized bond, a source in the know told Reuters today.

-Moody's Places Aaa to Sabadell Mortgage Covered Bonds

BANKING AND CREDIT NEWS-September 8, 2010--Moody's places Aaa to Sabadell mortgage covered bonds (C)2010 M2 COMMUNICATIONS http:// www.m2.com 8 September 2010 - Moody's yesterday assigned a definitive long- term rating to EUR1bn (USD1.268bn) covered bonds issued by Sabadell (MCE:SAB) and due in 2012.

-Thailand's Tmb Bank Not Likely to Achieve 10% Loan Growth Goal in 2010

BANKING AND CREDIT NEWS-September 8, 2010--Thailand's TMB Bank not likely to achieve 10% loan growth goal in 2010 (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Thai TMB Bank Pcl (BAK:TMB) is likely to fail to reach its 2010 target for a 10% lending growth, CEO Boontuck Wungcharoen said today, citing the unsatisfactory demand in the first six months of the year.

-Bofa Merrill Lynch, Wells Fargo to Run Udr Forthcoming Equity Deal

BANKING AND CREDIT NEWS-September 8, 2010--BofA Merrill Lynch, Wells Fargo to run UDR forthcoming equity deal (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - BofA Merrill Lynch and Wells Fargo Securities have been picked book-runners for UDR Inc's (NYSE:UDR) proposed placement of 13.5m ordinary shares, the real-estate investment trust said.

-Barclays, Citi, Jp Morgan Take Part in Running Inergy Units Offering

BANKING AND CREDIT NEWS-September 8, 2010--Barclays, Citi, JP Morgan take part in running Inergy units offering (C)2010 M2 COMMUNICATIONS http://www.m2.com 8 September 2010 - Barclays Capital, Citigroup (NYSE:C) and JP Morgan (NYSE:JPM) are helping US propane supplier Inergy LP (NYSE:NRGY) place 8.5m common units in their capacity of book- runners, Inergy LP said.

-Banca Civica, Cajastur Part of Eur75m Financing to Oesia

BANKING AND CREDIT NEWS-September 8, 2010--Banca Civica, Cajastur part of EUR75m financing to Oesia (C)2010 M2 COMMUNICATIONS http:// www.m2.com 8 September 2010 - Banca Civica, Cajastur, CAM, Mare Nostrum, CAI, CajaCirculo and Caja Badajoz have participated in the provison of EUR75m (USD95.4m) syndicated facilities to Oesia, the Spain- based IT consultancy firm said.