(Bloomberg) B+H Ocean Carriers Ltd., a Bermuda- based shipping company, said it may sell as much as $60 million of bonds to purchase new product tankers and upgrade others.

The company, whose shares trade in both the US and Norway, hired Pareto Securities ASA and Nordea Bank Norge ASA to manage the transaction, B+H said today in a Business Wire statement.

The securities will mature in 2013 and pay annual interest at 4 percentage points above the three-month London Interbank Offer Rate, it said.

(Bloomberg) - Standard & Poor's raised its outlook on Zurich Financial Services AG's “A+” credit rating to positive from stable because of the Swiss insurer's “strong and improving operating performance.” “The positive outlook reflects Standard & Poor's expectation that bottom-line results in 2006 and 2007 will exceed the 2005 level,” S&P said of the Swiss insurer today in a news release.

On November 16, Zurich Financial raised its profit forecast after third-quarter earnings almost tripled to a record.