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Credit Research News - September, 2006















HOME :: RESEARCH :: CREDIT :: NEWS :: ARCHIVE

Credit Research News - September, 2006



S&P Cuts Affiliated Computer Services

Credit ratings agency Standard & Poor's said Friday it lowered its corporate credit rating on information technology outsourcing services provider Affiliated Computer Services Inc. based on the company's delayed filing of its annual report



S&P Revises Crane's Ratings Outlook

Standard & Poor's Ratings Services Friday revised its ratings outlook for Crane Co., a diversified manufacturer of engineered industrial products, to "Stable" from "Negative" on its improved operating performance and cash flow growth



Banks call for changes to debt advisory services

Concerns rise over advice on 'bankruptcy alternative'; DTI and OFT told adverts may mislead customers



Credit raters to be closely monitored

Credit rating agencies that can wield enormous influence over financial markets will be more closely monitored by the government and face more competition under legislation approved Wednesday by the House and headed for the president's desk



Credit Services now certified

Credit Services of Oregon, based in Roseburg, has become certified through ACA International's Professional Practices Management System program



ValueVision Media and GE Retail Consumer Finance Launch the New ShopNBC Platinum Rewards MasterCard

ShopNBC, a leading television home-shopping network and internet retailer and GE Retail Consumer Finance, one of the nation's leading retail credit providers, today announced they have entered into an exclusive multi-year agreement to launch a new ShopNBC branded MasterCard as well as an improved ShopNBC private label credit card



Tech Data U.S. Helps IT Resellers Put Focus on Customers with Client Computing

IT products distributor enhances support for systems resellers with new business unit and VAR community



Pay your credit card bill by text

Financial company Mint today launched an new service allowing customers to pay their credit card bills via text message.



Experts warn of debt-settling firms

The enticements are almost always false, they say, and many may end up owing more.



S&P Affirms Magellan Midstream Rating

Standard & Poor's Ratings Services affirmed its "BBB" corporate credit rating Friday on Magellan Midstream Partners LP, a transporter and distributor of petroleum products



The One And Only AnnualCreditReport.com

Under the provisions of federal consumer law, if you want to obtain a free credit report from one or all of the big three credit reporting companies, go to AnnualCreditReport.com



BoM forays retail banking; eyes fee-based services

Bank of Maharashtra (BoM) has forayed into the booming retail banking business



Farm Credit Services changes name

Farm Credit Services of Missouri is changing its name to FCS Financial



CSU CardSystem Announces Status of Share Buy-Back Operation

SU CardSystem S.A. (BOVESPA: CARD3 and PORTAL: CSURY), the leading independent provider in Brazil's outsourced credit card administration service market, informs the Company's current status of its own share position in treasury



AT&T gets contract from credit union

Telecommunications company AT&T Inc. said Friday it received a contract from Dade County Federal Credit Union to service the financial cooperative's branches and ATM sites



Two credit unions announce name changes

For the second time this week, a Valley credit union has changed names



GUS: Experian 5Mo Sales Up 18%, Organic Growth 7%

Experian, a global information solutions company and a part of GUS, said sales for the five months ended Aug. 31 grew by 18%, with organic growth of 7%



Equifax Eyeing New Opportunities: Analyst

Equifax plans to cross-sell existing customers, expand data sources beyond credit information and jump on new opportunities in an effort to sustain growth in a slowing economy, the company told analysts at a recent meeting



Credit Counseling Services

Your credit report score has been affecting your credit history for years and you may not even know you have one or what it is



Vengroff,Williams&AssociatesExpandsItsOutsourcedCreditServicesOfferingWithCreditPointe Partnership

Solution Enables Seamless Access to Global Credit Risk Analysis and Supporting Data to Quickly Evaluate Risk for More Informed Credit Decisions



Citibank Launches Credit Plus Insurance Program

For the first time in UAE, Protection Against Involuntary Loss of Employment



S&P Takes Visteon Off CreditWatch

Standard & Poor's Ratings Services on Monday affirmed its "B+" corporate credit rating on Visteon Corp. and removed it from CreditWatch with negative implications



Farm Credit Services of Missouri is now FCS Financial

Farm Credit Services of Missouri, an organization that counts 90 years of proven expertise in rural financing, is changing its name to FCS Financial.



Chase discards tapes with data on 2.6M Circuit City customers

An investigation found the tapes were mistakenly buried in a landfill



Wachovia re-enters credit card arena with GE deal

Wachovia Corp. is partnering with a subsidiary of General Electric Corp. as part of its strategy to re-enter the credit card business by providing commercial and purchasing cards to its wholesale and treasury services customers.



Chase improperly discarded credit tapes

Chase Card Services, the credit card division of J.P. Morgan Chase & Co. (NYSE: JPM), disclosed Thursday that it mistakenly threw out computer tapes containing personal information of 2.6 million current and former Circuit City credit-card account holders



Menalco, a TII Company, to Roll out the Phoenix Exclusivity Licensed SCTN Loyalty for EMV Debit...

Menalco, a TII Company, to Roll out the Phoenix Exclusivity Licensed SCTN Loyalty for EMV Debit and Credit Cards and MasterCard Announces Interchange Initiatives Aimed At Maximizing the Value of MasterCard Card Acceptance



Essential Energy Services Trust Increases Existing Credit Facilities to $85 Million

Essential Energy Services Trust (TSX:ESN.UN) ("Essential" or the "Trust") is pleased to announce that it has reached agreement with its lenders to increase its existing credit facilities from $55 million to $85 million.



Moody's Reviews Reader's Digest

Credit ratings agency Moody's Investors Services said Wednesday it placed publisher Reader's Digest Association Inc. under review for a possible downgrade due to concern about the company's liquidity



Citibank launches CitiBest banking relationship

Citibank, a member of Citigroup, today introduced one of the market's most rewarding current account relationships, which provides a unique combination of flexibility and savings rates, and addresses the multiple banking needs of savvy consumers



Citibank launches CitiBest banking relationship

Citibank, a member of Citigroup, today introduced one of the market's most rewarding current account relationships, which provides a unique combination of flexibility and savings rates, and addresses the multiple banking needs of savvy consumers



Central Illinois Loan Stores Fined for Unlicensed Activity

Affinity Credit Services Fined $273,000 for Five New Stores



YES BANK appoints Sanjay Agrawal & Lovekesh Dev

YES BANK, India’s new age private sector Bank has appointed Sanjay Agrawal as Country Head- SME Risk Management and Lovekesh Dev as Head- Centralised Business processes & Contact Centre



Markit AcquiresMarketXS to MeetClientDemand forBespokeDelivery ofData and MiFID ComplianceSolutions

Markit Group Limited ("Markit"), the leading industry source of independent data, portfolio valuations and trade processing for the OTC derivative markets, today announced it has acquired MarketXS Holding N.V



Bell Microproducts offers credit to resellers

Distributor invests about £12.5m in channel and hopes to create 500 additional reseller accounts



Graydon Cashflow Solutions to give VARs help with finance

Credit reference agency Graydon has invested in a new venture that it has claimed will help VARs improve their financial management and strengthen their credit rating



Consumer Credit: Limited retirement savings can be extended

If you find yourself closing in on retirement age and have little to show for savings, you are not alone



Your credit report requires monitoring

At Your Service: Last March I went to www.annualcreditreport.com to receive my free annual credit reports to check and make sure everything was accurate



Bank withdraws credit-card cheques as government inquiry nears completion

The Royal Bank of Scotland is to permanently withdraw credit-card cheques weeks before the government is due to make an announcement on its inquiry into the product



GHL keen to provide payment services in Thailand, China

GHL Systems Bhd is in talks with several banks in Thailand and China to provide payment services as part of its regional expansion



Banks Offer Students Financial Courses

As students rush to unpack their bags during orientation week at Carnegie Mellon University, banks are scrambling for their business



New loan program offers financing for crop inputs

A new lending program between Farm Credit Services of America, the largest provider of agricultural credit in the Midwest, and the farm supply cooperative FC of Farnhamville will offer farmers financing on crop inputs


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