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Blackout Has Minimal Implications for Canadian Industry Aug 03
Standard & Poors, Aug 2003
Abstract
Toronto (1) 416-507-2584; Needless to say, last week's power blackout in the Province of Ontario (AA/Stable/A-1+) was an unwelcome development, especially with the Canadian economy still trying to get back on track in the aftermath of the SARS (severe acute respiratory syndrome) outbreak, and the discovery of mad cow disease earlier in the year. The effect of the blackout on the national economy, however, will be transitory and short-lived, and an economic recovery, which was already under way, is still expected to gain momentum by year-end. 'Although 40% of the national economy was taken offline for a day by the blackout in Ontario, the movement of people was quick to resume and this will help to minimize the negative macroeconomic...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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