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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.

INSIDE C​ANADA NEWSLETTER


EVENT INFORMATION


    Analyst Briefing: Moody’s Outlook for the Canadian Banking and North American Life Insurance Sectors


     
    Wednesday, November 8, 2017
    12:15 pm - 2:30 pm - Montreal

    Thursday, November 9, 2017
    8:30am – 10:30am- Toronto


     

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

Hilary Parkes
Senior Vice President - Account Management
+1-416-214-3841
Hilary.Parkes@moodys.com

Moody’s Analytics Canada

Jesse Kaufman
Director - Sales Manager
+1-416-681-2216
Jesse.Kaufman@moodys.com

Highlights
Moody's in Canada
Structured Finance
High Yield
Maple Bonds
How to Get Rated
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  • November 06, 2017

    Moody's proposes designation of Canada as an operational resolution regime (ORR) in an update to its banks rating methodology

    Toronto, November 06, 2017 -- Moody's Investors Service is seeking feedback from market participants on the proposed designation of Canada as an operational resolution regime (ORR) in an update to its Banks rating methodology. The designation is being prompted by the introduction of preliminary rules in Canada that, when finalized, will impose explicit burden-sharing on Canadian banks' eligible liability holders. If the designation is adopted as proposed, Moody's would apply its Advanced Loss Given Failure (LGF) framework to Canadian banks. In addition, liability rankings and a number of key rating assumptions related to the use of the Advanced LGF framework in Canada are also being proposed. Read More
  • November 06, 2017

    Moody's Canadian ABCP activity for week ended November 3, 2017

    Toronto, November 06, 2017 -- Moody's has reviewed the following ABCP program in conjunction with the proposed additions or amendments. At this time the additions or amendments, in and of themselves, will not result in any rating impact on the respective programs' ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted. Moody's does not express an opinion as to whether the additions or amendments could have other, non-credit-related effects. Read More
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  • October 27, 2017

    Moody's says Saputo's Acquisition is Credit Negative; Ratings Unaffected

    Toronto, October 27, 2017 -- Moody's Investors Service commented that Saputo Inc.'s (A3 stable) October 26, 2017 announcement that it plans to acquire dairy cooperative Murray Goulburn Co-Operative Co. Limited (unrated) is credit negative because it increases financial leverage, but that it does not affect its ratings or outlook. For more details please see the Issuer Comment published on October 26, 2017. 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. 

Moody’s Canada PIPEDA Privacy Policy

This tab contains ratings and research information regarding Canadian Structured Finance.

Canadian Asset-Backed Commercial Paper:
Inside the Canadian ABCP Market: 4Q2014
Inside the Canadian ABCP Market: 3Q2014
Inside the Canadian ABCP Market: 2Q2014
Inside the Canadian ABCP Market: 1Q2014
 
 
   

Moody’s Outlook for Canadian Structured Finance:
Canadian ABS and Covered Bonds: 2015 Outlook


Moody’s Rating Methodologies for Structured Finance
 
     
Current ratings news and relevant research items on Canadian structured finance are available on the link below:
Canadian Structured Finance Research Reports


Global Structured Finance Publications:
Global ABCP Outlook
ABCP Market At A Glance
Global Covered Bonds: 2015 Outlook

For more information, please contact Richard Hunt, Head of Canadian Structured Finance Ratings Group, at Richard.Hunt@moodys.com.

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

Moody’s  Canadian High Yield Toolkit is updated weekly , providing comprehensive information on more than 80 Canadian domiciled speculative-grade rated issuers. The Toolkit includes links to each issuer’s ratings and research page on Moodys.com and presents Long-Term Ratings, Speculative-Grade Liquidity Ratings, as well as Covenant Quality Assessment information:
Moody's Canadian High Yield Toolkit
 

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

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

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


Maple Bond 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.




Moody's Rating Scale