{"id":2106,"date":"2008-04-30T17:25:45","date_gmt":"2008-04-30T21:25:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2106"},"modified":"2008-04-30T17:25:45","modified_gmt":"2008-04-30T21:25:45","slug":"gpapra-downgraded-to-p-4-by-sp","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2106","title":{"rendered":"GPA.PR.A Downgraded to P-4 by S&amp;P"},"content":{"rendered":"<p>Gatehouse Capital Inc. <a href=\"http:\/\/www.marketwire.com\/mw\/release.do?id=850483&#038;sourceType=3\">has announced<\/a>:<\/p>\n<blockquote><p> Standard &#038; Poor&#8217;s Ratings Services lowered the rating of Global Credit Pref Corp.&#8217;s (TSX:GPA.PR.A) preferred shares on April 29 to P-4. The rating on the preferred shares of Global Credit Pref Corp. mirrors the lowering of the rating on the $48,031,000 fixed-rate static portfolio credit linked note issued by The Toronto-Dominion Bank to B.<\/p>\n<p>The Company has exposure to the credit linked note issued by The Toronto-Dominion Bank and held by Global Credit Trust, the return on which is linked to the credit performance of 127 reference entities.<\/p><\/blockquote>\n<p>This follows the <a href=\"http:\/\/www.prefblog.com\/?p=2039\">April 11 Watch Negative<\/a> and the <a href=\"http:\/\/www.prefblog.com\/?p=1931\">March 17 downgrade to P-4(high)<\/a>.<\/p>\n<p>Par value is $25.00. The sponsor claims that the NAVPS is $12.27. They closed on the TSX today at 10.11-55, 3&#215;4. Ouch!<\/p>\n<p>There are 1.6+ million shares outstanding. GPA.PR.A is not tracked by HIMIPref\u2122.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gatehouse Capital Inc. has announced: Standard &#038; Poor&#8217;s Ratings Services lowered the rating of Global Credit Pref Corp.&#8217;s (TSX:GPA.PR.A) preferred shares on April 29 to P-4. The rating on the preferred shares of Global Credit &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-2106","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2106","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=2106"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2106\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}