Bankruptcy law encourages systemic underfunding
Strong improvement in several sectors
Report examines risk management practices at big six banks
In its annual report on Canada, Moody’s Investors Service says the country’s Aaa foreign currency country ceiling and stable outlook reflect the strongly improving trends in the country’s external financial position as well as its government debt ratios.The rating agency says that Canada’s Aaa country ceiling for bonds is based on its foreign currency government […]
Changes designed to improve the consistency of ratings
July is the 15th consecutive month that the rate has come in below 2.1%
Rating agency remains concerned with potential for further Fairfax restatements
Number of bond defaults was the highest in five months
Adds credit opinions on over 70 foreign issuers
But rate remains unchanged on a dollar volume basis