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
Yield spreads have been extremely tight and can only widen going forward, company says
May signal turning point, says Moody’s director
Third consecutive year of improvement, Moody’s says
Follows announcement of corporate reorganization
Market participants give positive comments