DBRS Withdraws Ratings on PIC.PR.A, WFS.PR.A & TXT.PR.A

DBRS has announced that it:

has today discontinued the ratings of the Preferred Shares/Securities issued by Mulvihill Premium Canadian Bank, Top 10 Split Trust, and World Financial Split Corp. The ratings are being withdrawn at the request of Mulvihill Capital Management Inc., the manager of the three funds.

PIC.PR.A was last mentioned on PrefBlog when the Capital Units were consolidated. It is tracked by HIMIPref™ but is relegated to the Scraps index on credit concerns.

WFS.PR.A was last mentioned on PrefBlog when it was downgraded to Pfd-4(low) by DBRS. It is tracked by HIMIPref™ but is relegated to the Scraps index on credit concerns.

TXT.PR.A was last mentioned on PrefBlog when it was upgraded to Pfd-4(high) by DBRS. It is not tracked by HIMIPref™.

2 Responses to “DBRS Withdraws Ratings on PIC.PR.A, WFS.PR.A & TXT.PR.A”

  1. […] as of March 17 giving Asset Coverage of 1.4-:1. TXT.PR.A was last mentioned on PrefBlog when the rating of Pfd-4(high) was withdrawn by DBRS at the company’s request. TXT.PR.A is not tracked by […]

  2. […] no longer has a credit rating, since DBRS withdrew the Pfd-4(low) rating last November at the request of the […]

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