{"id":916,"date":"2007-06-15T11:51:47","date_gmt":"2007-06-15T15:51:47","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=916"},"modified":"2007-06-15T11:51:47","modified_gmt":"2007-06-15T15:51:47","slug":"lbprd-lbpre-dbrs-says-trend-positive","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=916","title":{"rendered":"LB.PR.D &amp; LB.PR.E : DBRS says &quot;Trend Positive&quot;"},"content":{"rendered":"<p><a href=\"http:\/\/www.dbrs.com\">DBRS<\/a> has announced that it has:<\/p>\n<blockquote><p>changed the trend to Positive from Stable on all the long- and short-term ratings of Laurentian Bank of Canada (Laurentian or the Bank).<br \/>\n<strong>&#8230;<\/strong><br \/>\nFurther positive rating actions will be contingent upon Laurentian\u2019s ability to sustainably grow internal capital demonstrated through various profitability measures as a result of core businesses and further cost efficiencies, while maintaining conservative credit and financial risk profiles.<\/p><\/blockquote>\n<p>Still a Pfd-3 issue, but those who wish to play the credit-anticipation game might consider this news of interest (only LB.PR.E would be appropriate for this! LB.PR.D is more in the nature of a short-term investment!). <a href=\"http:\/\/www.standardandpoors.com\">S&#038;P<\/a> continues to rate the issues &#8220;P-3(high)&#8221;.<\/p>\n<p>Laurentian has eschewed &#8220;Innovative Tier-1 Capital&#8221; in its financing; preferred shares are its sole source of non-equity Tier-1 Capital, amounting to 22.2% of the total. It has good-quality ratios: The tier 1 ratio is 10.3% and the Total Capital Ratio is 12.4%, according to the <a href=\"https:\/\/www.laurentianbank.ca\/en\/about_lbc\/my_investment\/annual_reports.html\">2006 Financials<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DBRS has announced that it has: changed the trend to Positive from Stable on all the long- and short-term ratings of Laurentian Bank of Canada (Laurentian or the Bank). &#8230; Further positive rating actions will &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,25],"tags":[],"class_list":["post-916","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-regulatory-capital"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/916","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=916"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/916\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}