US$86 billion scheduled to mature between 2008 and 2010
Total authorized amount is $13.3 billion
Forecast calls for sharp 4.6% increase
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 […]
Refinancing risk is present in most covered bonds
Impact of U.S. liquidity and credit crisis on the economic outlook remains unclear
Sharp rise expected this year, Moody’s says
Any regulatory system that promotes growth necessarily accepts a risk of a meltdown
In its annual report on Manitoba, Moody’s Investors Service says that the province’s Aa1 debt rating reflects sound fiscal policies that have helped to generate positive consolidated outcomes and improve its financial position. The rating is also supported by Manitoba’s diversified economy.“Over the past several years, the province’s sound fiscal policy has sought to align […]
Corporate default rates remain at historically low levels, says Moody’s