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Moody's Ratings downgrades CI Financial's ratings to Baa3 from Baa2; o...

Moody's Ratings (Moody's) has downgraded the long-term issuer and senior unsecured debt ratings of CI Financial Corp. (CI) to Baa3 from Baa2. The company's senior unsecured shelf rating was also downgraded to (P)Baa3 from (P)Baa2. The outlook on the ratings remains stable. RATINGS RATIONALE The...

CI Financial Corp.: Sale of minority stake in growth engine renews com...

Our credit view of this issuer reflects its durable profitability and recurring revenue of wealth management segments, offset by its intense competition.

Moody's affirms CI Financial's Baa2 rating; outlook remains stable

Moody's Investors Service (Moody's) has affirmed the Baa2 long-term issuer and senior unsecured debt ratings of CI Financial Corp. (CI) following its announcement to sell a minority stake of its US wealth management business (CI US) to private investors. The outlook on the ratings remains stable. A ...

Michael Driscoll ... (+2)
  • Michael Driscoll
  • Nadja Dreff

DBRS Morningstar Comments on the Pre-IPO Minority Investment in CI Fin...

Please refer to PDF document for more detail about our research: DBRS Morningstar Comments on the Pre-IPO Minority Investment in CI Financial Corp.’s U.S. Wealth Management Business

Komal Rizvi ... (+2)
  • Komal Rizvi
  • Marcos Alvarez

Wide Disparity Exists in Investment Approaches and Transparency for Ca...

DBRS Morningstar published a commentary discussing the wide disparity in investment approaches and transparency for Canadian environmental, social, and governance (ESG) funds. Key highlights include the following: -- Responsible, or ESG, funds in Canada differ greatly from each other; some have a much more thorough approach to how ESG considerations are incorporated and a higher level of transparency regarding their investment process. -- Nearly all funds employ some sort of exclusionary appr...

CI Financial Corp.: M&A elevates financial leverage but enhances busin...

Our credit view of this issuer reflects its strong profitability and recurring revenue of CI's wealth management segment, constrained by its elevated financial leverage.

CI Financial Corp.: Partial spinoff of US wealth management business i...

The company plans to spin off a portion of its US wealth management segment, a move that would significantly reduce CI's debt.

CI Financial Corp.: Discussion of Key Credit Factors

CI Financial's credit profile reflects its acquisitive growth strategy, recurring revenue base and strong profit margins.

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