{"id":32226,"date":"2006-08-09T16:05:02","date_gmt":"2006-08-09T20:05:02","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=62"},"modified":"2006-08-09T16:05:02","modified_gmt":"2006-08-09T20:05:02","slug":"iqwprc-iqwprd-downgraded-by-dbrs","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32226","title":{"rendered":"IQW.PR.C \/ IQW.PR.D Downgraded by DBRS"},"content":{"rendered":"<p><a href=\"http:\/\/www.dbrs.com\">DBRS<\/a> has announced that they have downgraded all series of the Quebecor World Inc. preferred shares to Pfd-4 with a negative trend (it was previously Pfd-4(high) with a negative trend.<\/p>\n<p>DBRS cited a &#8220;greater than expected weakening of the financial profile&#8221;.<\/p>\n<p>\u00a0HIMIPref subscribers will not be too concerned about this downgrade, as Hymas Investment Management does not recommend the purchase of anything that&#8217;s rated Pfd-4(high) or lower, and will only recommend Pfd-3 issues (of any sub-grade) in certain circumstances and in small amounts relative to portfolio size.<\/p>\n<p>HIMIPref does, however, maintain the Quebecor World preferreds in its database: symbols IQW.PR.C and IQW.PR.D. These issues are recorded solely for the sake of continuity and have no influence on the calculation of yield curves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DBRS has announced that they have downgraded all series of the Quebecor World Inc. preferred shares to Pfd-4 with a negative trend (it was previously Pfd-4(high) with a negative trend. DBRS cited a &#8220;greater than &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-32226","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32226","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=32226"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32226\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}