NEWS TICKER, OCTOBER 2ND 2015: Asian stock markets were mixed in trading today. The Straits Times Index (STI) ended 8.7 points or 0.31% lower to 2793.15, taking the year-to-date performance to -17.00%. The top active stocks today were DBS, which declined0.86%, Sinarmas Land, which gained 0.89%, SingTel, which declined 1.11%, CapitaLand, which gained 3.69% and UOB, with a1.72% fall. The FTSE ST Mid Cap Index declined 0.35%, while the FTSE ST Small Cap Index declined 0.35%. Australia's S&P/ASX 200 ended 1.2% lower at 5052.02, following a patchy performance overnight in US markets, while South Korea’s Kospi index fell 0.5% over the day. The Nikkei 225 ended flat. Hong Kong's Hang Seng Index, which reopened after a holiday Thursday, was a rare bright spot for the region, up 3.2%, helped by slightly stronger-than-expected Chinese manufacturing data reported yesterday. However, analysts continue to warn against reading too much into any short term data, the long term outlook for Asia is still strong, though short term, while everyone hangs on the outcome of US jobs and economic data, investors are tending towards extreme caution - The amount of outstanding Euro commercial paper (CP) and certificates of deposit (CD) has decreased by $880m in the latest week according to the CMDPortal. Corporate sector outstanding, decreased by $5.1bn during the week, while sovereign, supranational and agency outstandings increased by $3.9bn to $242. Financial outstandings have fallen by $30.3bn in the last eight weeks while outstanding of asset backed securities has increased by $652m. Commercial paper (CP) consists of short-term, promissory notes issued primarily by corporations. Maturities range up to 270 days but average about 30 days. Many companies use CP to raise cash needed for current transactions, and many find it to be a lower-cost alternative to bank loans - Moody's has downgraded the corporate family rating (CFR) and the probability of default rating (PDR) of Eurasian Resources Group Sarl (ERG) to Caa1and Caa1-PD, respectively, both with negative outlook. The rating downgrade is associated with the agency's decision to lower the Baseline Credit Assessment ('BCA') of ERG to caa2, from caa1 previously. The lowering of the BCA to caa2 reflects the deteriorated fundamental credit profile of ERG, due to its increased financial and liquidity risks, which the rating agency considers are not sufficiently mitigated by the company on a stand-alone basis. The BCA is a key factor behind the CFR, as defined according to the Government-Related Issuer ('GRI') rating methodology, which Moody's applies to ERG, given the Government of Kazakhstan (Baa2 stable) is a main shareholder with a 40% stake. Moody's assessment on the other main factors behind the CFR according to the GRI methodology remained unchanged. In particular, Default Dependence is still considered as high and Government Support as moderate. These assessments drive the one notch uplift on the BCA.