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Canadian Issuers Face Credit Challenges Arising From Terror Attacks
Standard & Poors, Sep 2001
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
TORONTO (Standard & Poor's) Sept. 21, 2001--Standard & Poor's today said that the near-term repercussions of the Sept. 11, 2001, attacks in New York, N.Y., and Washington, D.C., are likely to impact the business and market conditions for the aviation, leisure, and real estate industries in Canada. These events will exacerbate the weak outlook that these industries already faced as a result of the global economic slowdown. Looking beyond the direct effects, the implications of the recent events on Canadian economic growth, consumer and business confidence, and the credit cycle will likely aggravate economic and business pressures, already on the rise in Canada and the U.S., in most sectors of the Canadian economy. 'The blow to confidence will depress economic...
Companies mentioned in this report are: Canada,Air Canada,Manufacturers Life Insurance Co. (The),Clarica Life Insurance Co.,Bombardier Inc.,Fairfax Financial Holdings Ltd.,Brookfield Asset Management Inc.,Nav Canada,Edmonton Regional Airports Authority,Greater Toronto Airports Auth,Vancouver International Airport Authority
Action: S&P Event
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