{"id":16856,"date":"2011-11-01T20:31:41","date_gmt":"2011-11-02T00:31:41","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=16856"},"modified":"2011-11-01T20:31:41","modified_gmt":"2011-11-02T00:31:41","slug":"cm-pr-d-cm-pr-e-sp-clarifies-downgrade-to-p-2high","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=16856","title":{"rendered":"CM.PR.D, CM.PR.E: S&amp;P Clarifies Downgrade to P-2(high)"},"content":{"rendered":"<p>Standard &#038; Poor&#8217;s <a href=\"http:\/\/www.standardandpoors.com\/prot\/ratings\/articles\/en\/us\/?articleType=HTML&#038;assetID=1245323126614\">has announced<\/a>:<\/p>\n<blockquote><p>Standard &#038; Poor&#8217;s Ratings Services today said it corrected its Canadian scale ratings on two preferred issues of Canadian Imperial Bank of Commerce to P-2 (High) from P-1 (Low). On Sept. 16, we lowered our ratings on the two issues to &#8216;BBB+&#8217; from &#8216;A-&#8216; because of their treatment by regulators as nonviable contingent capital instruments (see &#8220;Two Preferred Issues Of Canadian Imperial Bank of Commerce Downgraded To &#8216;BBB+&#8217;; All Other Ratings Affirmed,&#8221; published on RatingsDirect on the Global Credit Portal). However, because of an administrative error, we did not concurrently lower the Canadian scale preferred share ratings on these issues.<\/p><\/blockquote>\n<p>The <a href=\"http:\/\/www.prefblog.com\/?p=16392\">downgrade on the global scale<\/a> has been previously discussed on PrefBlog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poor&#8217;s has announced: Standard &#038; Poor&#8217;s Ratings Services today said it corrected its Canadian scale ratings on two preferred issues of Canadian Imperial Bank of Commerce to P-2 (High) from P-1 (Low). On &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-16856","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16856"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16856\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}