A number of corporate noteholders are seeking to challenge the Ontario Superior Court of Justice decision that sanctioned the plan by the Pan-Canadian Investors Committee for Third-Party Structured ABCP to restructure $32 billion of third-party asset-backed commercial paper.The committee for acknowledges that proceedings have been taken by a number of corporate noteholders in the Ontario […]
Rule changes reflect observations made during ABCP disruption
Restructuring plan expected to be completed by end of June
ABCP held by CUC Ontario no longer an obstacle
Fitch Ratings has begun reviewing the ratings on its corporate collateralized debt obligation (CDO) rating portfolio, and says that it expects the review to have a widely variable impact on ratings.The review follows the announcement of Fitch’s updated corporate CDO methodology. It maintains ratings on 483 corporate CDO transactions to which the new criteria will […]
Judge seeks additional submissions
Ratings agency comments on BoC proposal
Judge puts hearing off to consider the complicated plan
The fracas over ABCP losses might even jump-start the creation of a single securities regulator