Potential rating actions do not reflect on the underlying financial strength of the Canadian banking system, rating agency says
Methodology change prompts downgrade
DBRS has confirmed its ratings on the Caisse de dépôt et placement du Québec and CDP Financial Inc., the rating agency said Thursday.The rating agency notes that the Caisse’s total portfolio recorded a return of negative 25% in 2008 and missed its benchmark by a substantial 658 basis points, erasing nearly two and a half […]
Virtually all of the Canadian corporate issues maturing in 2009 carry investment-grade ratings, and 90% have stable outlooks
This is the latest move in an effort to cut costs
The global default rate is expected to continue growing; it should peak in the fourth quarter
Loan losses spell trouble
Bank’s exposure to capital markets prompts change to “negative”
Rating agency affirms ratings for Canadian banks
Fitch Ratings has placed the ratings of nine U.S. banking companies and their subsidiaries on Rating Watch Negative, based in its view that they may be more vulnerable to the credit cycle, the rating agency said Friday.The affected banks are: BB&T Corp., Discover Financial Services, Fifth Third Bancorp, KeyCorp, M&T Bank Corp., Popular, Inc., Regions […]