Consultation paper examines how these products differ from traditional credit ratings
The majority of negative ratings are in emerging markets while in developed markets, there were 16 rating upgrades in the first half
Credit rating agency sanctioned for rule breaches
DBRS says purchase consistent with bank’s stated strategy
The result of the recent Brexit referendum has resulted in a lower outlook for the U.K.’s banking system and 12 banks and building societies
The credit-rating agency may lower RBC’s rating over the next two years because of its increased appetite for risk relative to other Canadian banks
The revisions are intended to align with revisions to IOSCO’s code for credit rating agencies
Although the credit-rating agency maintained the country’s rating, it says the government’s fiscal strength has weakened
The slumping resource sector is driving a higher default rate
Scotia’s efforts to increase its profitability signal a shift away from its traditionally low risk appetite, the credit rating agency says