Low leverage, superior liquidity positions and strong sponsorship support credit ratings
Rating actions forecast to be predominately negative through the next 18 months
Trend now negative
Most private pension plans in Canada are “in a relatively strong position, considering the poor equity market performance and falling interest rates that have affected returns”
Ratings supported by earnings diversity
Ratings supported by the bank’s sizable domestic franchise and its financial risk profile
Ratings underpinned by strong domestic banking
The rating agency expects TD’s domestic banking business to provide ongoing earnings stability
Methodology change prompts downgrade
DBRS has confirmed its ratings on the Caisse de dépôt et placement du Québec and CDP Financial Inc., the rating agency said Thursday.The rating agency notes that the Caisse’s total portfolio recorded a return of negative 25% in 2008 and missed its benchmark by a substantial 658 basis points, erasing nearly two and a half […]