Passenger Transportation, Ground & Sea

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R&I affirms Odakyu Electric Railway Co Ltd's rating at "A+" and stable outlook

Friday, 24 Oct 2014 02:00am EDT

Odakyu Electric Railway Co Ltd:Rating and Investment Information, Inc. (R&I) affirms the company's issuer rating at "A+".Rating outlook stable.

Taiwan High Speed Rail Corp to issue new shares

Thursday, 23 Oct 2014 09:30am EDT

Taiwan High Speed Rail Corp:To issue 700 million new shares of its common stock.New shares with par value of T$10 per share and tentative issue price at T$10 per share.10 pct of the new shares to be offered to the company's employees.Remaining 90 pct to be offered to the existing shareholders, who are eligible to purchase 241 shares for every 1,000 shares they hold.Proceeds to be used for enriching operating funds.

Moody's downgrades Rossiyskiye zheleznye dorogi OAO ratings

Tuesday, 21 Oct 2014 09:05am EDT

Rossiyskiye zheleznye dorogi OAO:Moody's Investors Service has downgraded the senior unsecured issuer rating of the government-related issuer (GRI) Rossiyskiye zheleznye dorogi OAO (Russian Railways) and senior unsecured ratings of its outstanding debt instruments to Baa2 from Baa1.The outlook on all ratings is negative.These actions follow the weakening of Russia's credit profile, as reflected by Moody's downgrade of Russia's government bond rating to Baa2 from Baa1 on Oct. 17.Russian Railways' senior unsecured issuer rating is based on Moody's designation of the company as a GRI.The negative outlook on Russian Railways' senior unsecured issuer rating is in line with the negative outlook for the sovereign rating and reflects the fact that a potential downgrade of Russia's sovereign rating is likely to result in a downgrade of the company's rating.

Keifuku Electric Railroad Co Ltd raises consolidated mid-year outlook for FY 2015

Tuesday, 21 Oct 2014 01:00am EDT

Keifuku Electric Railroad Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 5,783 million yen from 5,700 million yen for FY ending March 2015.Operating profit forecast increased to 370 million yen from 290 million yen.Ordinary profit forecast increased to 353 million yen from 260 million yen.Net profit forecast increased to 186 million yen from 100 million yen.Earnings per share increased to 9.35 yen from 5.03 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.

Shanghai Shentong Metro to set up joint venture

Monday, 20 Oct 2014 08:00pm EDT

Shanghai Shentong Metro Co Ltd:To set up a joint venture in Shanghai, with five companies.The joint venture will be engaged in equity investment business, with a registration capital of 4,000 million yuan.The company will hold a 17.5 pct stake in the joint venture.

Sansiri PCL updates on collaboration with BTS Group Holdings Public Company Limited

Wednesday, 15 Oct 2014 07:54pm EDT

Sansiri PCL:Says it has approved to enter into the strategic alliance framework agreement with BTS Group Holdings PCL to exclusively partner together on the developments of the residential projects for sale located within a 500-meter radius of all rail mass transit stations.Approves the establishment of a 50 : 50 joint venture company with BTS for the first project to be developed under this collaboration, i.e. the residential project for sale on about 5-rai of land located near BTS Mo Chit Station.

Dazhong Transportation (Group) Co Ltd to set up joint venture with Shanghai Dazhong Public Utilities (group) Co Ltd

Sunday, 12 Oct 2014 08:00pm EDT

Shanghai Dazhong Public Utilities (group) Co Ltd:To invest 200 mln yuan to set up a financial leasing joint venture in Shanghai, with Fretum Construction & Engineering Enterprise Limited, Dazhong Transportation (Group) Co Ltd and top shareholder, a Shanghai-based managing company.To hold 40 pct stake in joint venture.Fretum Construction & Engineering Enterprise Limited to hold 25 pct stake in joint venture.Dazhong Transportation (Group) Co Ltd to hold 20 pct stake in joint venture.


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Provider: Edison Investment Research
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