Various Canadian Municipal Ratings Harmonized, Withdrawn Nov 01
Standard & Poors, November 2001
Abstract
TORONTO (Standard & Poor's) Nov. 9, 2001--Standard & Poor's today announced several ratings harmonizations for the Canadian public finance sector. (See list below for all ratings actions.) In addition, Standard & Poor's suspended, subject to reactivation at the request of the issuers, ratings assigned by the Canadian Bond Rating Service (CBRS) to various municipal issuers. On Oct. 31, 2000, Standard & Poor's and CBRS announced that they have combined operations in Canada. A process is under way to harmonize all ratings assigned by CBRS with the Standard & Poor's framework, which includes the translation of all ratings onto the Standard & Poor's global ratings scale. Going forward, all new debt issue ratings on the City of Laval, Montreal Urban Community,...
Companies mentioned in this report are: Winnipeg (City of),Montreal Urban Community,Laval (City of)
Action: S&P Event
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.
Winnipeg (City of),Montreal Urban Community,Laval (City of)
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