While Ratings Agencies Watch Canadian Banks, Opinions Are Mixed

Spreads on Canadian bank debt were modestly wider after Moody’s lowered the long-term debt and deposit ratings one level on the Big Six banks, yet analysts have not seen any evidence of credit deterioration with any of the banks. Source: Wealth Professional Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s…

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Bond Market Wary of AT&T, Time Warner Deal

With the announcement of their merger sending both company’s bond prices into decline, concerns about increased debt burden have increased Source: The Wall Street Journal Count bond investors among the skeptics of AT&T Inc.’s proposed acquisition of Time Warner Inc. The prices of both firms’ bonds have declined since reports of the deal began emerging late…

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