| Special offers from Bank of Valletta when purchasing a motor vehicle
Bank of Valletta has launched a number of special offers for customers that are planning to purchase a motor vehicle. The offers are applicable on BOV Personal Loans taken out for this purpose and which are approved by the bank by the end of April 2007.
Customers stand to benefit from a reduction in the interest rate payable on these loans, said Mario Gouder, Executive Head responsible for Personal Finance at Bank of Valletta. Besides, customers are also being offered added value in the form of an extended loan term up to a maximum of seven years. In this regard, we are extending the repayment term up to seven years for loans taken to purchase a new car, and up to six years for loans taken to purchase second-hand vehicles that are up to five years old. Bank of Valletta is also waiving all processing fees on these loans during this offer period, added Mr Gouder.
Fitch Affirms Allergan's IDR at 'A-'
CHICAGO--(BUSINESS WIRE)--March 22, 2007--Fitch Ratings has affirmed Allergan, Inc.'s (Allergan) 'A-' Issuer Default Rating and bank loan and senior unsecured debt ratings. In addition, Fitch affirms Allergan's 'F2' commercial paper rating. The Rating Outlook is Stable. The ratings apply to approximately $1.71 billion of outstanding debt. Allergan's acquisition of Inamed Corp. (Inamed) for approximately $3.3 billion in March 2006 resulted in an increase of total debt and leverage (total debt-to-EBITDA) to record high levels of $1.71 billion and 2.3 times (x), respectively. The current leverage is weak for Allergan's rating category. Fitch will monitor near-term leverage for steady improvement, which is anticipated to be achieved by operational improvement as there are no plans for significant debt reduction since the next material debt maturity occurs in 2016.
EXCLUSIVE: Education Department Official Implicated in Widening ...
"Higher Ed Watch continues to believe that the problem of corruption in America's student loan system stems from excessive taxpayer subsidies going to the student loan banking industry instead of families and needy kids. This problem has to be addressed at its root." -Michael DannenbergNew America Foundation .
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