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Article: CANADA: MOODY'S CHANGES DESJARDINS OUTLOOK TO NEGATIVE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- March 4, 2009
CopyrightCOPYRIGHT 2009 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service affirmed the ratings of Caisse centrale Desjardins ("CCD") and a rated subsidiary and changed their long-term rating outlooks to negative from stable. Caisse centrale is rated C+ for bank financial strength, Aa1 for long-term deposits, and P-1 for short-term obligations. The negative outlook reflects Moody's concern regarding strategic risk management practices following disclosure of unexpected material losses in Desjardins Group's ("Desjardins") capital guarantee note product, coupled with expected further losses on Desjardins' non-bank asset-backed commercial paper ("ABCP") exposure. It appears that Desjardins itself took principal risk in the ...
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Article: Desjardins Funds announced the implementation of changes ...
CNW Group;
January 14, 2009 ;
700+ words
... ... COMTEX) -- The Federation des caisses Desjardins du Quebec, the Manager of the Desjardins family of mutual funds, has previously ... the investment objectives and names of the Desjardins Dividend Fund, Desjardins CI Value Trust ...
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