Rating sentiment is expected to remain predominantly negative for the remainder of 2009
Current demand is outstripping supply
Review prompted by methodology change
However, the banks also face revenue pressure in a number of their main business lines
But Fitch cautions that the transition to the universal banking model has not been an automatic success for other investment banks
Four trusts do not meet global liquidity standards
These aren’t particularly happy days for the world’s key rating agencies, and Canada’s own DBRS Ltd. has certainly been served its own portion of misery. The Toronto-based firm took a blow to its reputation — some say deserved, others say not — over its role in the asset-backed commercial paper fiasco that hit the Canadian […]
Expects both to weather the storm
Weaker U.S. economy will contribute to a higher proportion of downgrades in 2008
RBC issue rated using new methodology