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™.

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

  1. […] 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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