Central European Media sees its credit rating cut

Article Abstract:

Central European Media Enterprises Ltd. found its corporate credit rating cut by the Ratings Group of Standard & Poor due to a riskier financial status than earlier expected. The company runs television stations throughout Eastern Europe. Standard & Poor's Michael Crehan noted that the company is now going through problems in Poland which resulted in the lower rating. However, Crehan believes that Central European Media can post a better performance considering the market potential of Eastern Europe.

Comment:

Finds corporate credit rating cut by the Ratings Group of Standard & Poor due to a risky financial status

Europe, Television Broadcasting, Television broadcasting industry, Central European Media Enterprises Ltd.

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Travelers Group chairman discusses privatizations with Polish officials

Article Abstract:

Travelers Group Inc. chairman Sanford Weill and top economic officials of Poland have held high-level discussions over pending privatizations of some the largest Polish companies. Sources say the talks are to discuss possible involvement in the privatization of insurance, telecommunications, airline and banking industries. The Polish government is to sell another 35% in its largest commercial bank, Pekao, valued at almost $800 million to a strategic investor and Travelers Corp. may be interested.

Comment:

Chairman Sanford Weill and top Polish economic officials of discuss pending privatizations of some the largest Polish companies

Insurance, Insurance Carriers and Related Activities, Poland, Travelers Inc.

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Jet maker spreads its wings

Article Abstract:

Russian plane maker Sukhoi is planning to manufacture a new family of passenger aircraft. The proposed aircraft will be designed to hold 60-65 passengers.

Russia, Planning, Aircraft industry, Company business planning, Sukhoi Corp., Commercial jets

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