The fundamental credit outlook for the Polish banking system is negative, reflecting the increased probability that the financial fundamentals of the country's banks will suffer as a result of the ongoing turmoil in the global financial sector, which has already spread into Central and Eastern Europe. It also reflects an anticipated increase in funding pressures

Moody's Investors Service reported in its UK Credit Card Index Report for September that the ABS sector will witness a deterioration over the next coming months despite relatively stable credit card indicators. "In light of the recent increase in delinquencies, Moody's expects a further rise in delinquencies and subsequent charge-offs over the coming months, albeit

Moody's Investors Service has downgraded the long- and short-term deposit ratings and the bank financial strength rating (BFSR) of Bahrain-based Investcorp Bank B.S.C. to Baa3/Prime-3/D+ from Baa2/Prime-2/C-. The ratings of its subsidiary Investcorp S.A. were also downgraded, while the deposit ratings were kept on review for possible further downgrade. The decision to downgrade the ratings

Indian car market leader Maruti Suzuki India Limited reported a 29.6% increase in sales volume for the domestic A3 segment (SX4, Swift, Dzire, Esteem) in October compared to the corresponding period in 2007. The company also revealed that it sold 64,490 vehicles (all segments) during October, which included 5,363 units of exports. In October 2007,

The first nine months of the 2008 financial year developed relatively well for Austrian Post. Total revenues increased by 7.0%, which relates to the initial consolidation of the newly-acquired subsidiaries as well as organic growth. Austrian Post had several challenges to overcome during the first three quarters of 2008: the changing competitive situation in the

Nokia Siemens Networks is now putting the power of bringing advanced IPTV applications and services in the carriers’ hands with its latest IPTV software release, Home Entertainment Release 3.0. The new offering will allow for full User Interface (UI) customization, flexible third party application integration and powerful management tools and verification processing. Operators can differentiate

French regional and local governments (RLGs), which already face higher interest payments, will now also have to contend with banks restricting their financing to the sector as a result of worsening market conditions. Thanks to the sound financial and debt indicators posted by the RLGs, as well as France's recent initiative to facilitate access to

Fastweb, Italy's second-largest fixed telecoms provider has signed an industrial agreement with Eutelsat Communications via its Skylogic broadband subsidiary that will allow Fastweb to extend the coverage of broadband service through satellite connections. Fastweb's network currently reaches 50% of the population. Thanks to the satellite connectivity provided by Eutelsat's Tooway service, broadband access will in

The outlook for the EMEA electric and gas utilities sector is stable, reflecting the companies' strong fundamentals and ability to generate cash flow, Moody's Investors Service said in a new report. The stable outlook also reflects the companies' flexible approach to planned investment programmes to help maintain their ratings. "Moody's believes most European utilities' earnings