Weak revenue growth will pressure province’s finances
Moody’s predicts that the U.S. speculative-grade default rate will peak at 12.7% in the fourth quarter
Global insurance and asset-management firms' recent gains could be short-lived if market conditions deteriorate
Conditions remain weak globally for consumers
Despite improvement, the number of downgrades remains very elevated by historical standards
The rating agency predicts the global default rate will peak at 12.8% in the fourth quarter
Potential rating actions do not reflect on the underlying financial strength of the Canadian banking system, rating agency says
Virtually all of the Canadian corporate issues maturing in 2009 carry investment-grade ratings, and 90% have stable outlooks
The global default rate is expected to continue growing; it should peak in the fourth quarter
Loan losses spell trouble