DBRS Reviews 13 Split Shares

DBRS has announced that it:

has today taken a range of rating actions on 13 structured preferred shares issued by 12 split share companies and trusts (collectively, the Issuers).

DBRS Review Announced 2012-9-7
Ticker Old
Rating		 Asset
Coverage		 Last
PrefBlog
Post		 HIMIPref™
Index		 New
Rating
CGI.PR.B Pfd-1(low) 3.9-:1
2012-6-30		 Capital Unit Dividend Worries Scraps Pfd-1(low)
CGI.PR.C Pfd-1(low) 3.9-:1
2012-6-30		 Capital Unit Dividend Worries Scraps Pfd-1(low)
NEW.PR.C Pfd-2 3.4-:1
2012-9-6		 Partial Redemption Scraps Pfd-2(high)
CBU.PR.A Pfd-2 3.7-:1
2012-9-6		 Normal Course Issuer Bid Not tracked Pfd-2
BBO.PR.A Pfd-2(low) 2.0+:1
2012-9-7		 Gets Bigger Not tracked Pfd-2 [Review Negative]
BSC.PR.B Pfd-2(low) 2.5+:1
2012-9-6		 Partial Call for Redemption Scraps Pfd-2(low)
SBC.PR.A Pfd-3(high) 2.1+:1
2012-9-6		 Annual Report Scraps Pfd-3(high)
BK.PR.A Pfd-3(high) 1.9+:1
2012-8-31		 Annual Report Scraps Pfd-3
DFN.PR.A Pfd-3(high) 1.8+:1
2012-8-31		 Annual Report Scraps Pfd-3
SBN.PR.A Pfd-3 1.8-:1
2012-9-6		 Annual Report Scraps Pfd-3
DF.PR.A Pfd-3 1.5+:1
2012-8-31		 Annual Report Scraps Pfd-3(low)
FCS.PR.B Pfd-3(low) 1.4+:1
2011-12-31
1.4-:1
2012-9-6
(My calculation)		 Warrant Offering Scraps Pfd-3(low)
LBS.PR.A Pfd-3 1.5+:1
2012-9-6		 Annual Report Scraps Pfd-3(low)

This entry was posted on Saturday, September 8th, 2012 at 5:49 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “DBRS Reviews 13 Split Shares”

  1. LBS Semi-Annual Report, June 2012 « PrefBlog says:
    September 16, 2012 at 4:41 pm

    […] was last mentioned on PrefBlog when it was downgraded to Pfd-3(low) by DBRS. LBS.PR.A is tracked by HIMIPref™ but relegated to the Scraps index on credit […]

  2. LBS.PR.A To Vote On Term Extension « PrefBlog says:
    April 4, 2013 at 12:26 pm

    […] of 107% in 2012, so it is of very good credit quality compared to many of its peers. It was downgraded to Pfd-3(low) by DBRS in September […]

  3. April 5, 2013 « PrefBlog says:
    April 5, 2013 at 11:26 pm

    […] was placed on Review-Negative by DBRS last September; the rating has now been affirmed at Pfd-2(low) and the Review removed: DBRS has today confirmed […]

  4. CGI.PR.B To Be Redeemed, Refunded « PrefBlog says:
    April 29, 2013 at 2:05 pm

    […] was last mentioned on PrefBlog when it was confirmed at Pfd-1(low) by DBRS. CGI.PR.B has been tracked by HIMIPref™ but has been relegated to the Scraps index on credit […]

  5. DFN.PR.A Term Extension Proposal « PrefBlog says:
    May 23, 2013 at 10:57 pm

    […] was last mentioned on PrefBlog when it was downgraded to Pfd-3 by DBRS. DFN.PR.A is tracked by HIMIPref™ but relegated to the Scraps index on credit […]

  6. BSC.PR.B: Partial Call for Redemption « PrefBlog says:
    September 6, 2013 at 4:31 pm

    […] BSC.PR.B was last mentioned on PrefBlog when it was confirmed at Pfd-2(low) by DBRS. […]

  7. DBRS Confirms Nine, Upgrades One SplitShare Corp. « PrefBlog says:
    September 6, 2013 at 9:43 pm

    […] 2012 Confirmation […]

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