CIR.PR.A: DBRS Discontinues Rating

DBRS has announced that it:

has today discontinued its rating on the Preferred Shares issued by Copernican International Financial Split Corp. at the request of AIC Investment Services Inc. (the Promoter).

CIR.PR.A was last mentioned on the post regarding the DBRS Mass Downgrade of SplitShares, at a time when its asset coverage was 0.5+:1. The issue had been downgraded to Pfd-5(low) in November, when the asset coverage was 0.7+:1. The asset coverage was 0.4-:1 as of March 6.

Hmm … I believe I detect a trend!

CIR.PR.A is not tracked by HIMIPref™.

This entry was posted on Wednesday, March 11th, 2009 at 6:48 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “CIR.PR.A: DBRS Discontinues Rating”

  1. CIR.PR.A To Propose Term Extension « PrefBlog says:
    August 23, 2013 at 8:57 pm

    […] CIR.PR.A is not tracked by HIMIPref™. The last mention of it on PrefBlog occurred when DBRS discontinued the rating in 2009. […]

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