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Accessibility for Ontarians with Disabilities Act, 2005


  • Moody’s Canada Inc. is committed to providing accessible customer service to our clients with disabilities in a way that respect their dignity and independence. Our objective is to comply with the customer service requirements of the Accessibility for Ontarians with Disabilities Act, 2005.

    A copy of our Accessible Customer Service Policy can be obtained by emailing colleen.tock@moodys.com.

EVENT INFORMATION


    Moody’s Annual Canadian Energy Briefing - Calgary, Alberta

    Thursday, June 20th, 2019
    1:30pm – 4:30pm
    Invitation Link     Registration Link


    2019 Canadian Project Finance and Infrastructure Briefing

    Investors Session
    Wednesday, July 10, 2019
    8:30 AM – 10:30 AM
    Toronto


    Issuers and Financial Advisors' Session
    Wednesday, July 10, 2019
    12:15 PM – 2:30 PM
    Toronto


    Thursday, July 11, 2019
    12:15 PM – 2:30 PM
    Montreal


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Careers

View Open Positions at Moody’s Canada by clicking below.

Moody's Careers

Key Contacts

Donald Carter
Managing Director
+1-416-214-3851
Donald.Carter@moodys.com

Barbara Macpherson
Senior Vice-President
+1-416-214-3841
Barbara.Macpherson@moodys.com

Highlights
Moody's in Canada
High Yield
How to Get Rated
  • June 17, 2019

    Moody's assigns B2 CFR to AAG FH LP; outlook is stable

    Moody's Investors Service placed the B2 ratings on ASM Lithography's $520 million 4-1/4% convertible subordinated notes, due 2004, and on approximately $240 million 2-1/2% Euro denominated convertible subordinated notes, due 2005, under review for possible upgrade, in conjunction with the company's proposed acquisition of Silicon Valley Group, Inc. (unrated). The all-stock transaction is valued at approximately $1.6 billion. ASM Lithography's senior implied rating of Ba3 and senior unsecured issuer rating of B1 are also placed under review for possible upgrade. Read More
  • June 12, 2019

    Moody’s rates Fairfax Financial Holdings' senior notes Baa3; outlook stable

    Moody's Investors Service ("Moody's") has assigned a Baa3 rating to the CAD500 million of senior unsecured notes due 2029 being issued by Fairfax Financial Holdings Limited (Fairfax; TSE: FFH). Fairfax expects to use net proceeds from the offering to refinance or retire outstanding debt and other corporate obligations and/or for general corporate purposes. The outlook for Fairfax is stable. Read More
  • December 13, 2018

    Moody's downgrades Ontario to Aa3, changes outlook to stable

    Moody's Investors Service ("Moody's") downgraded today the issuer and long-term debt ratings of the Province of Ontario to Aa3 from Aa2. The outlook on the ratings was changed to stable from negative. The baseline credit assessment (BCA) of Ontario was also lowered to a2 from a1. At the same time, Moody's affirmed the short-term P-1 ratings of the province. Read More
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. ​

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

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
Moody’s Covenant Quality Snapshots for Canadian Issuers
Moody’s Pre-Closing Loan Covenant Quality Snapshots


Moody’s has analyzed and assessed the covenant quality of about one thousand bonds that were issued over the past two years globally. The following report includes a company-by-company comparison of Canadian high yield bonds’ covenant strength based on Moody’s Covenant Quality Assessments:
The Canadian High Yield Bond Market: Frequently Asked Questions
Canadian Corporations: Canadian High-Yield Bonds Continue to Offer More Protection Than US Issues
Canadian High-Yield Bonds Offer More Investor Protection Than US Bonds



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 systematically monitors, assesses and reports on speculative-grade issuers’ liquidity through its Speculative-Grade Liquidity Ratings (SGL):
Speculative-Grade Liquidity Ratings: Component Scores Provide Liquidity Insight
  
Moody’s Speculative-Grade Liquidity ratings factor in four components of liquidity:

1. internal sources of cash
2. committed external sources of cash
3. ability to comply with covenants
4. other sources of liquidity, including the issuer’s ability to sell assets to raise cash

The list below provides the Component Scores of Moody’s Speculative-Grade Liquidity Ratings:
SGL Ratings & Component Score List   
 

 
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

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

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

For information on Moody's Ratings Symbols and Definitions, please visit Moody's Ratings Definitions.