In its annual report on the Province of Alberta, Moody’s Investors Service says the province’s “Aaa” rating and stable outlook reflect the success achieved under the province’s debt-reduction program and continuing prudent fiscal management, especially in budgeting for volatile oil and gas revenues. “Given Alberta’s history of strong fiscal management and substantial financial flexibility, Moody’s […]
Further upgrades are likely, but at a slower pace, Moody’s says
Insurance industry still faces risks from terrorism once TRIA expires says new report
Lemay appointed managing director
Down to 2% in April, Moody’s says
Finds significant reforms in Canada and the U.S.
Default rate could be nearing a turning point, ratings agency warns
Moody’s Investors Service says the default rate for speculative-grade rated Canadian issuers ended 2004 at 1.8%, unchanged from 2003. The default rate for all rated Canadian issuers (including investment-grade rated issuers), was also unchanged in 2004 at 0.6%.Only two Canadian public bond defaults were recorded in 2004. Of the two 2004 defaults, only one was […]
Moody’s says Europe and North America upgrades and downgrades were roughly balanced
Downgrades financial strength rating