The SEC’s campaign to create a society of paid informers is proving remarkably successful: Bounty-hunting corporate tipsters are filing reports of potential wrongdoing with the U.S. Securities and Exchange Commission at a rate of about …
Search Results for: performance
November 21, 2011
More evidence that the EU should be insisting on a Greek referendum, not forbidding one: The world’s leading financiers are betting they can prevent bankruptcy in Greece with a bailout deal that will force strict …
November 18, 2011
There has been an interesting paper published by John (Xuefeng) Jiang, Mary Harris Stanford and Yuan Xie titled Does it Matter Who Pays for Bond Ratings? Historical Evidence: We test whether Standard and Poor’s (S&P) …
November 17, 2011
Another synthetic ETF has closed: Scotia Managed Companies Administration Inc. is pleased to announce that Moneda LatAm Corporate Bond Fund (the “Fund”) has completed an initial public offering (the “Offering”) of 4,559,824 Class A Units …
November 16, 2011
Sorry about the lateness, folks! My schedule on the 16th and 17th is a little peculiar. PerpetualDiscounts now yield 5.23%, equivalent to 6.80% interest at the standard equivalency factor of 1.3x. Long corporates now yield …
November 15, 2011
There was lots of fun with European bonds today: German two-year rates dropped below 0.3 percent for the first time, while the extra yield investors demand to hold 10- year bonds from France, Belgium, Spain …
November 14, 2011
Hungary may become a junk credit: Hungary’s sovereign credit grade may be cut to junk this month after Standard & Poor’s Ratings Services placed the country’s lowest investment grade on “CreditWatch with negative implications.” S&P …
November 11, 2011
Money funds are drawing back from Europe: The biggest U.S. prime money-market funds cut their investments in Deutsche Bank AG (DBK) by $8.1 billion in October, the largest drop among 35 of the largest banks …
November 10, 2011
Whoopsy! S&P jumped the gun on France: Standard & Poor’s roiled global equity, bond, currency and commodity markets when it sent and then corrected an erroneous message to subscribers suggesting France’s top credit rating had …
RON.PR.A: DBRS Downgrades to Pfd-3(low)
DBRS has announced that it: has today downgraded the long-term rating of RONA inc. (Rona or the Company) to BBB (low) from BBB, maintaining the Negative trend. At the same time, DBRS has downgraded the …