{"id":233,"date":"2006-10-30T23:54:44","date_gmt":"2006-10-31T03:54:44","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=233"},"modified":"2006-10-30T23:54:44","modified_gmt":"2006-10-31T03:54:44","slug":"dbrs-upgrades-canadian-utilities","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=233","title":{"rendered":"DBRS Upgrades Canadian Utilities!"},"content":{"rendered":"<p><a href=\"http:\/\/www.dbrs.com\">DBRS<\/a> announced today that they are upgrading the Canadian Utilities Limited preferred shares Series O, T, W &#038; X from Pfd-2 to Pfd-2(high), where they will now match the series Q, R, S, U &#038; V.<\/p>\n<p>HIMIPref\u2122 tracks four of these issues:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"3\"><strong>CU Issues &#038; HIMIPref\u2122<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Series<\/td>\n<td>Symbol<\/td>\n<td>Status<\/td>\n<\/tr>\n<tr>\n<td>Q<\/td>\n<td>CU.PR.T<\/td>\n<td>Unchanged<\/td>\n<\/tr>\n<tr>\n<td>R<\/td>\n<td>CU.PR.V<\/td>\n<td>Unchanged<\/td>\n<\/tr>\n<tr>\n<td>W<\/td>\n<td>CU.PR.A<\/td>\n<td>Upgraded<\/td>\n<\/tr>\n<tr>\n<td>X<\/td>\n<td>CU.PR.B<\/td>\n<td>Upgraded<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>I do not anticipate much excitement to result from this upgrade. The two issues affected are high-dividend perpetuals with a short period until their YTW call. Due to the shortness of their expected term, NONE of the CU issues are eligible for purchase recommendations from HIMIPref\u2122.<\/p>\n<p>And anyway, as far as I can tell, the market isn&#8217;t putting much of a premium on &#8220;High&#8221; modifiers anyway!<\/p>\n<p>The HIMIPref\u2122 credit rating adjustment will take effect commencing October 31.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DBRS announced today that they are upgrading the Canadian Utilities Limited preferred shares Series O, T, W &#038; X from Pfd-2 to Pfd-2(high), where they will now match the series Q, R, S, U &#038; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,13],"tags":[],"class_list":["post-233","post","type-post","status-publish","format-standard","hentry","category-data-fixes","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/233","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=233"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/233\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}