Volatile capital markets conditions may lead to further earnings turmoil
Canadian firm’s responding to increased appetite for speculative-grade debt
Negative outlook maintained on U.S. affiliates
Ratings agency expects the pace of defaults to continue to slow
Significant credit rating impacts are possible
Nationwide branch networks, improved risk management could expand market share
Defaults in the current cycle were driven in large part by the forest products sector
Buffet’s firm still owns 31 million shares of ratings agency
Wave of Canadian corporate debt that starts coming due in 2012 could have negative implications for stocks and bonds
Siam City Bank deal is negative in the short-term, but long-term impact could be positive