DBRS has announced: has today downgraded the rating of the Preferred Shares issued by Canadian Life Companies Split Corp. (the Company) to Pfd-4 (low) from Pfd-3 (low). In April 2003, the Company issued 8.2 million …
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January 25, 2012
The FOMC release was fascinating: To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative …
SLS.PR.A Downgraded to Pfd-5 by DBRS
DBRS has announced that it: has today downgraded the rating of the Preferred Shares issued by SL Split Corp. (the Company) to Pfd-5 from Pfd-4 (low). In November 2007, the Company issued 1.055 million Preferred …
January 24, 2012
The IMF has released the January 2012 Global Financial Stability Report: Since the last Global Financial Stability Report (GFSR), risks to stability have increased, despite various policy steps to contain the euro area debt crisis …
January 23, 2012
There’s a story about Credit Suisse’s toxic asset bonuses: The toxic-asset bonuses given to senior Credit Suisse Group AG (CSGN) bankers at the depths of the 2008 financial crisis are turning out to be almost …
January 20, 2012
The day was enlivened at the close by some idiot trading through Credit Suisse. It was a mixed day in the end, with PerpetualDiscounts down 8bp, FixedResets gaining 2bp and DeemedRetractibles winning 17bp. Overall volatility …
January 19, 2012
Sorry it’s late! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet …
January 18, 2012
Nothing happened today. I have an engagement tomorrow evening, so tomorrow’s report will be very, very late, by which I mean “maybe Friday”. It was a mixed day for the Canadian preferred share market, with …
January 17, 2012
DBRS has released their Split Share Funds Quarterly Report – Q4 2011: Of the 34 split share unique issuers currently rated by DBRS, 19 experienced losses in net asset value (NAV) in Q4 2011, with …
January 16, 2012
Austria may have experienced a Chretien moment: It is evident, but again that Austria must be more independent from the financial markets. -Werner Faymann, Austrian Chancellor (translation by Bing) Remember Chretien back in 1994? ‘We …