E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for Standard Commercial Corp. > News item
Published on 10/22/2004 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P: Standard Commercial, Dimon unaffected

Standard & Poor's said Friday that the ratings and outlooks on tobacco dealers Universal Corp. (A-/stable/A-2), Standard Commercial Corp. (BB+/stable/--), and Dimon Inc. (BB/Watch negative/--) would not be affected by the European Commission's decision to fine the companies for colluding on the prices paid to, and the quantities bought from, the tobacco growers in Spain.

The fines on Standard Commercial's subsidiaries totaled about €1.8 million. The fines on Dimon's subsidiaries totaled about €2.6 million. The fines on Universal's two subsidiaries totaled about €$12.0 million.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.