PCM S.A.

Fitch Takes Various Actions on Davis Square Funding II, Ltd./Corp.
Investment Weekly News; 12/26/2009; 968 words; ...in the portfolio since Fitch's last rating action in March 2009...as defined in the transaction's governing documents, now comprise...Finance Portfolio Credit Model (SF PCM) for projecting future default...rating level loss projected by SF PCM. Given this, Fitch believes...

Fitch Downgrades Dillon Read CMBS CDO 2006-1 Ltd./Corp.; Removed from Watch Negative.
Real Estate Weekly News; 12/25/2009; 929 words; ...press release. Since Fitch's last rating action in January...using the Portfolio Credit Model (PCM) for projecting future default...underlying portfolio. Fitch's loss expectation approximates...collateral deterioration, Fitch's expected losses exceeds the credit...

Fitch Downgrades Crystal River Resecuritization CDO 2006-1; Removes from Watch Negative.
Business Wire; 12/23/2009; 1084 words; ...of this release. Since Fitch's last rating action in January...using the Portfolio Credit Model (PCM) for projecting future default...collateral deterioration, Fitch's expected loss exceeds the credit...distributions, due to Fitch's expectation of continued and additional...

Pacquiao's party supports Villar.(Main News)
Manila Bulletin; 12/22/2009; 902 words; ...coalition with the People’s Champ Movement (PCM), the local political party of seven...Pacquiao, who was in Villar’s signature orange color, was met by...applause were given to Villar’s wife, Rep. Cynthia Villar, and Pacquiao...

Best Buy To License Wireless Audio Vendors.
TWICE; 12/21/2009; 1228 words; ...surround speakers. Avnera's first-generation technology...uncompressed 48kHz/16-bit PCM with no audible or perceived...closely match Blu-ray's potential by delivering...24-bit uncompressed-PCM form, up from 48/16...channels. With Best Buy's current Rocketfish selection...