{"id":1936,"date":"2008-03-19T18:13:16","date_gmt":"2008-03-19T22:13:16","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1936"},"modified":"2008-03-19T18:13:16","modified_gmt":"2008-03-19T22:13:16","slug":"splitshares-massive-dbrs-review-of-financial-splits","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1936","title":{"rendered":"SplitShares : Massive DBRS Review of Financial Splits"},"content":{"rendered":"

DBRS<\/a> has announced that it:<\/p>\n

has today placed the rating of certain structured preferred shares (Split Shares) with significant exposure to the financials sector Under Review with Developing Implications. Each of these split share companies has invested in a portfolio of securities with a focused exposure to financial institutions. The market concerns regarding the current credit quality of domestic and international banks has resulted in ongoing volatility in the share price of many financial institutions. As a result of this volatility, the downside protection available to these Split Shares has come under increasing pressure.<\/p><\/blockquote>\n

Affected issues are:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Review-Developing by DBRS<\/td>\n<\/tr>\n
Issue<\/td>\nCurrent
\nRating<\/td>\n		Website<\/td>\nAsset
\nCoverage<\/td>\n		HIMIPref\u2122?
\nIndex<\/td>\n<\/tr>\n
FBS.PR.B<\/td>\nPfd-2<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.6:1
\n3\/13<\/td>\n		\u00a0Yes
\nSplitShare<\/td>\n<\/tr>\n
ASC.PR.A<\/td>\nPfd-2(high)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.7:1
\n3\/14<\/td>\n		\u00a0Yes
\nScraps<\/td>\n<\/tr>\n
ALB.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.6:1
\n3\/13<\/td>\n		\u00a0Yes
\nSplitShare<\/td>\n<\/tr>\n
BMT.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.5:1
\n3\/13<\/td>\n		\u00a0Yes
\nScraps<\/td>\n<\/tr>\n
CIR.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.3:1
\n3\/14<\/td>\n		\u00a0No<\/td>\n<\/tr>\n
CBW.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.2:1
\n3\/14<\/td>\n		\u00a0No<\/td>\n<\/tr>\n
FFN.PR.A<\/td>\nPfd-2<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.8:1
\n3\/14<\/td>\n		\u00a0Yes
\nSplitShare<\/td>\n<\/tr>\n
GBA.PR.A<\/td>\nPfd-3(high)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.1:1
\n3\/18<\/td>\n		\u00a0No<\/td>\n<\/tr>\n
PIC.PR.A<\/td>\nPfd-2<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.4:1
\n3\/19<\/td>\n		\u00a0Yes
\nSplitShare<\/td>\n<\/tr>\n
NBF.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.3:1
\n3\/13<\/td>\n		\u00a0No<\/td>\n<\/tr>\n
RBS.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.6:1
\n3\/13<\/td>\n		\u00a0No<\/td>\n<\/tr>\n
TXT.PR.A<\/td>\nPfd-2(low)<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.5:1
\n3\/13<\/td>\n		\u00a0No<\/td>\n<\/tr>\n
FTU.PR.A<\/td>\nPfd-2<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.4:1
\n3\/14<\/td>\n		\u00a0Yes
\nSplitShare<\/td>\n<\/tr>\n
WFS.PR.A<\/td>\nPfd-2<\/td>\n\u00a0Click<\/a><\/td>\n\u00a01.7:1
\n3\/13<\/td>\n		\u00a0Yes
\nSplitShare<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

I’ll try to add some\u00a0colour to the table later … websites and asset coverage ratios, for instance.\u00a0<\/p>\n

Update<\/b>: Colour Added! The SplitShare index for 3\/19 has been uploaded<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

DBRS has announced that it: has today placed the rating of certain structured preferred shares (Split Shares) with significant exposure to the financials sector Under Review with Developing Implications. Each of these split share companies …<\/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-1936","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1936","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=1936"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1936\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}