FortisAlberta has issued new 30-year notes at 5.37%: DBRS has today assigned a rating of A (low), with a Stable trend, to the $125 million 5.37% medium-term notes (MTNs) due October 30, 2039, issued by …
Search Results for: performance
October 29, 2009
The CIT restructuring continues to encourage speculation: Since CIT Chief Executive Officer Jeffrey Peek started a $30 billion debt swap Oct. 1, the company’s notes due Nov. 3 have dropped 13 cents to 67 cents …
October 28, 2009
CIT amended terms on its exchange offer: Extension of the expiration date of the offers and the solicitation of acceptances of the Plan of Reorganization only with respect to offers made by CIT Group Funding …
October 27, 2009
It has been obvious for a while that a story like this would be coming … but it’s funny anyway: Mr. Greenberg has been quietly building up a family of insurance companies that could compete …
October 26, 2009
OSFI has released a statement on federally regulated pension plan solvency: The latest results show that the average estimated solvency ratio of federally regulated defined benefit private pension plans at June 30, 2009 was 0.88, …
October 23, 2009
CIT has released a review of its restructuring plan threatening carnage if it does not pass. The PDF of the SEC filing is copy-protected, of course, because it’s SECRET, but they estimate recovery on unsecured …
BMO Put on Review-Negative by Moody's
Moody’s Investors Service has announced: Moody’s Investors Service (Moody’s) placed the long-term ratings of the Bank of Montreal (BMO) and all its subsidiaries on review for downgrade.…BMO’s credit ratings have long been predicated on the …
October 22, 2009
A place to stand and a place to owe! Ontari-ari-ari-o was downgraded by DBRS to AA(low) from AA: Based on the Q2 2009 update, the Province is now looking at a deficit of nearly $32 …
October 21, 2009
The SEC has released statements regarding the Dark Pool debate discussed yesterday. Chairman Schapiro says: Transparency is a cornerstone of the U.S. securities market. That is why I asked the staff earlier this year to …
October 20, 2009
Here’s a scary thought from Comrade Peace Prize: Obama administration advisers said U.S. banks bailed out with taxpayer funds have responsibility to support the president’s effort to overhaul the rules for Wall Street and avoid …