Moody’s Investors Service has been providing Canada’s investors and issuers with the highest quality rating service since 1901. Today, Moody’s rates more than 300 Canadian corporate, structured, and public finance issuers.

Moody’s Toronto-based analysts cover a variety of Industry sectors including financial institutions, media and telecommunications, oil and gas, power and gas utilities and pipelines, paper and forest products, sub-sovereign governments, project & infrastructure finance and structured finance.

Moody’s provides Canadian fixed income professionals with a variety of products and services, including credit analyses, regular analyst briefings, seminars, conferences, and one-on-one meetings. Moody’s experience — both locally and globally — means that products and services are tailored to meet its customers’ needs while at the same time ensuring internationally consistent ratings. 

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This tab contains ratings and comprehensive research information regarding Canadian high yield issuers and Moody’s corporate speculative grade analysis.

The Canadian High Yield Issuer List is updated weekly and provides links to each issuer’s ratings and research page on Moodys.com:
Canadian High Yield Issuer List
 

The following report summarizes how Moody’s rates and analyzes nonfinancial speculative-grade issuers in the Canadian market:
High Yield Insights for Canadian Investors
 

Moody's covenant quality snapshots deliver succinct analysis of the strengths and weaknesses of a bond's protection package.  The User’s Guide to Moody’s Covenant Quality Snapshots is intended to help readers of snapshots make full use of their summaries and analyses:
A User’s Guide to Moody’s Covenant Quality Snapshots
 

At 1,000 defaults, Moody’s recoveries database highlights the importance of debt structure and the normalcy of the latest default cycle:
Moody's Ultimate Recovery Database

The primary rating methodologies for the application of Moody’s Loss Given Default (LGD) Methodology for non-financial companies:
Loss Given Default for Speculative-Grade Non-Financial Companies in the U.S., Canada and EMEA
 
Probability of Default Ratings and Loss Given Default Assessments for Low Rated Non-Financial Companies in the US, Canada and EMEA Region
 

Moody’s systematically monitors, assesses and reports on speculative-grade issuers’ liquidity through its Speculative-Grade Liquidity Ratings (SGL). The following report describes the components of SGL ratings:
Speculative-Grade Liquidity Ratings: Component Scores Provide Liquidity Insight

 
Current rating news and relevant research items on corporate speculative grade analysis and Canadian corporate high yield issuers are available on the link below:
High Yield Research Reports

This tab contains ratings and research information regarding Maple Bond issuers for the Canadian Domestic Market.
 

The Maple Bond Issuer List is updated weekly, and provides links to each issuer’s ratings and research page on moodys.com:
 

Maple Bond Issuer List
 

Industry Research and Rating Methodologies related to Maple Bond issuers are included on the link below:

Maple Bond Research Reports

In the course of the rating process, a Moody’s analyst:

• Gathers information sufficient to evaluate risk to investors who might own or buy a given security,

• Develops a conclusion in committee on the appropriate rating,

• Monitors the security on an ongoing basis to determine whether the rating should be changed, and

• Informs the marketplace of Moody's actions.

The rating process involves an active, ongoing dialogue between the issuer and Moody's analysts. Once published, Moody's ratings are continuously monitored and updated through dialogues and regular meetings, during which issuers are encouraged to raise any concerns and present all materials that are pertinent to the analysis.

 

If an issuer is new to Moody's, the rating process begins with an introductory meeting or teleconference call. The purpose of this initial discussion is to introduce Moody's rating process and methodology, and to provide additional information regarding the specific sorts of data that will be most useful in developing an understanding of the organization. Our goal is to be as transparent as possible, and to ensure that issuers understand Moody's rating methodology and process.

For more information, please reference the complete How to Get Rated.

Moody's Rating Scale