| (AFX UK Focus) 2008-03-28 12:02 GMT: SKorea's C&M CFR, senior unsecured debt rating cut, outlook stable - Moody's
MUMBAI (Thomson Financial) - Moody's Investors Service said it cut South Korean cable television operator C&M Co Ltd's corporate family rating (CFR) and C&M Finance Ltd's senior unsecured bond rating to 'B1' from 'Ba2' with a stable outlook, reflecting the consolidation impact of financing incurred by the company's new shareholders to part fund the acquisition of C&M. The new shareholders, a consortium of financial and strategic investors led by MBK Partners (MBKP) and Macquarie Korean Opportunities Fund (MKOM) has structured acquisition financing through a special purpose entity, Kookmin Cable Investment (KCI). The 'B1' rating is supported by C&M's highly competitive position, consistent with a monopoly or duopoly in substantially all its areas of operation, Moody's said. The company also has attractive high EBITDA margins relative to its peer group and continues to generate positive free cash flow, Moody's said.
world revolution or war: China, India, US, Russia: global competition, finance, law, jobs
The sudden surge of China, India, Africa and Latin America! Whose 21st century is it? Is a new global war coming? What is the next in world finance, outsourcing, labor, trade, politics, leadership? 3 global educators George Zhibin Gu, Chalmers Johnson, and Andre Gunder Frank talk about global development in the next stage. The China and India Factor and the Overstretch of the US Hegemony in the 21st century: opportunities, challenges, conflicts and development 4 books that can change your mind in 2007 about the geo-politic and geo-economic dynamics going on Interviews by Jorge Nascimento Rodrigues, editor of Gurus online. tv George Zhibin Gu, author of 2 new books, "China's Global Reach", and "China and the new world order" Chalmers Johnson, author of "The Sorrows of Empire" Andr� Gunder Frank, author of the forthcoming "ReOrient the Nineteenth Century" (a sequel of his 1998's "ReOrient") FIRST STORY A view from an insider George Zhibin Gu CHINA IS BECOMING A GLOBAL THEATER "A new power balance will emerge gradually and most likely indirectly" INTERVIEW First idea: "Today, most Chinese would prefer to be the one just following the leader.
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It has all the trappings of a Nolly wood soap opera: wheelingdealings, intrigues, base knuckle power tactics vengeance, justice and more. The settings are varied, but the location is the boardroom of an embattled bank.Firstly, roll the tape and let's introduce the star dramatis personae; Jeremiah Adebisi Omoyeni, SO, until recently, the chief executive of Wema Bank. A master strategist with good networking tentacles in political fields, a tactical boardroom player with his eyes focused on his goals, Omoyeni is quick to say "I am not a professional politician but a professional banker" That may be debatable; you don't get to be a deputy governor of a volatile state like Ekiti by merely being a political by-stander. Critics in the bank argue that he is an insurance professional who strayed into main stream banking to claim the prime position.
Should You Consolidate Your Loans
Once you leave school, you can consolidate all of your federal student loans into one big debt. Consolidation is tempting because: 1) It's easier to keep track of and pay one bill a month. 2) The government allows you to consolidate your 10-year student loans into a 30-year debt, which can cut your monthly payment by about 40 percent. .
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