DBRS has announced that it:
has today taken a range of rating actions on 13 structured preferred shares issued by 12 split share companies and trusts (collectively, the Issuers).
DBRS Review Announced 2012-9-7 | |||||
Ticker | Old Rating |
Asset Coverage |
Last PrefBlog Post |
HIMIPref™ Index |
New Rating |
CGI.PR.B | Pfd-1(low) | 3.9-:1 2012-6-30 |
Capital Unit Dividend Worries | Scraps | Pfd-1(low) |
CGI.PR.C | Pfd-1(low) | 3.9-:1 2012-6-30 |
Capital Unit Dividend Worries | Scraps | Pfd-1(low) |
NEW.PR.C | Pfd-2 | 3.4-:1 2012-9-6 |
Partial Redemption | Scraps | Pfd-2(high) |
CBU.PR.A | Pfd-2 | 3.7-:1 2012-9-6 |
Normal Course Issuer Bid | Not tracked | Pfd-2 |
BBO.PR.A | Pfd-2(low) | 2.0+:1 2012-9-7 |
Gets Bigger | Not tracked | Pfd-2 [Review Negative] |
BSC.PR.B | Pfd-2(low) | 2.5+:1 2012-9-6 |
Partial Call for Redemption | Scraps | Pfd-2(low) |
SBC.PR.A | Pfd-3(high) | 2.1+:1 2012-9-6 |
Annual Report | Scraps | Pfd-3(high) |
BK.PR.A | Pfd-3(high) | 1.9+:1 2012-8-31 |
Annual Report | Scraps | Pfd-3 |
DFN.PR.A | Pfd-3(high) | 1.8+:1 2012-8-31 |
Annual Report | Scraps | Pfd-3 |
SBN.PR.A | Pfd-3 | 1.8-:1 2012-9-6 |
Annual Report | Scraps | Pfd-3 |
DF.PR.A | Pfd-3 | 1.5+:1 2012-8-31 |
Annual Report | Scraps | Pfd-3(low) |
FCS.PR.B | Pfd-3(low) | 1.4+:1 2011-12-31 1.4-:1 2012-9-6 (My calculation) |
Warrant Offering | Scraps | Pfd-3(low) |
LBS.PR.A | Pfd-3 | 1.5+:1 2012-9-6 |
Annual Report | Scraps | Pfd-3(low) |
[…] was last mentioned on PrefBlog when it was downgraded to Pfd-3(low) by DBRS. LBS.PR.A is tracked by HIMIPref™ but relegated to the Scraps index on credit […]
[…] of 107% in 2012, so it is of very good credit quality compared to many of its peers. It was downgraded to Pfd-3(low) by DBRS in September […]
[…] was placed on Review-Negative by DBRS last September; the rating has now been affirmed at Pfd-2(low) and the Review removed: DBRS has today confirmed […]
[…] was last mentioned on PrefBlog when it was confirmed at Pfd-1(low) by DBRS. CGI.PR.B has been tracked by HIMIPref™ but has been relegated to the Scraps index on credit […]
[…] was last mentioned on PrefBlog when it was downgraded to Pfd-3 by DBRS. DFN.PR.A is tracked by HIMIPref™ but relegated to the Scraps index on credit […]
[…] BSC.PR.B was last mentioned on PrefBlog when it was confirmed at Pfd-2(low) by DBRS. […]
[…] 2012 Confirmation […]