However, the banks also face revenue pressure in a number of their main business lines
But Fitch cautions that the transition to the universal banking model has not been an automatic success for other investment banks
Four trusts do not meet global liquidity standards
These aren’t particularly happy days for the world’s key rating agencies, and Canada’s own DBRS Ltd. has certainly been served its own portion of misery. The Toronto-based firm took a blow to its reputation — some say deserved, others say not — over its role in the asset-backed commercial paper fiasco that hit the Canadian […]
Expects both to weather the storm
Weaker U.S. economy will contribute to a higher proportion of downgrades in 2008
RBC issue rated using new methodology
DBRS reports that it has been approved as an eligible External Credit Assessment Institution within the Eurosystem Credit Assessment Framework by the Governing Council of the European Central Bank. The ECAF defines the procedures, rules and techniques that ensure the Eurosystem requirement of high credit standards for all eligible assets to be used by counterparties […]
Conduits sponsored by six Canadian and two international banks now meet the GLS-ABCP standard
DBRS decided to review and update its ABCP rating methodology after the market suffered a disruption that saw many issuers unable to secure financing