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Moody's Ratings updates Disclosures Related to Credit Rating Informati...

Moody's Ratings (Moody's) has published an updated Disclosures Related to Credit Rating Information Removed from Website Display report. To access the report, please go to /rmc-documents/420627, or alternatively, navigate to the Regulatory Affairs Disclosures page on https:...

CI Financial Corp.: Update following take-private transaction announce...

Our credit view of this issuer reflects its stable profitability and recurring revenue of wealth management segments, against its competing capital allocation priorities.

Moody's Ratings affirms CI Financial's Baa3 rating following take-priv...

Moody's Ratings (Moody's) has affirmed the Baa3 long-term issuer and senior unsecured debt ratings, and (P)Baa3 senior unsecured shelf rating of CI Financial Corp. (CI) following its announcement that it had reached a definitive agreement to be acquired by Mubadala Capital (Mubadala). The outlook re...

Moody's Ratings assigns Baa3 rating to senior notes issued by CI Finan...

Moody's Ratings (Moody's) has assigned a Baa3 rating to CI Financial Corp.'s (CI's) planned issuance of senior unsecured notes. The transaction does not affect CI's long-term issuer rating or its stable outlook. CI intends to issue approximately CAD325 million in 3-year senior unsecured notes with...

Moody's Ratings updates Disclosures Related to Credit Rating Informati...

Moody's Ratings (Moody's) has published an updated Disclosures Related to Credit Rating Information Removed from Website Display report. To access the report, please go to /documents/PBC_1406020, or alternatively, navigate to the Regulatory Affairs Disclosures page on https...

Moody's Ratings assigns Baa3 rating to senior notes issued by CI Finan...

Moody's Ratings  (Moody's) has assigned a Baa3 rating to CI Financial Corp.'s (CI's) planned issuance of CAD500 million senior unsecured notes. The transaction does not affect CI's long-term issuer rating or its stable outlook.   CI intends to use the proposed notes' proceeds to lower the outstand...

CI Financial Corp.: Update to credit analysis

Our credit view of this issuer reflects its stable profitability and recurring revenue of wealth management segments, against its competing capital allocation priorities.

Moody's Ratings affirms CI Financial's Baa3 rating following senior no...

Moody's Ratings (Moody's) has affirmed the Baa3 long-term issuer and senior unsecured debt ratings, and (P)Baa3 senior unsecured shelf rating of CI Financial Corp. (CI). The outlook remains stable. The rating agency also assigned a Baa3 rating to CI's newly issued senior unsecured notes. RATINGS R...

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...

Komal Rizvi ... (+2)
  • Komal Rizvi
  • William Schwartz

DBRS Morningstar Confirms Ratings on IGM Financial Inc. at A (high), S...

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Ratings on IGM Financial Inc. at A (high), Stable Trends

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
  • Michael Driscoll

DBRS Morningstar Confirms IGM Financial Inc.’s Issuer Rating at A (hig...

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms IGM Financial Inc.’s Issuer Rating at A (high), Stable Trend, Following Announcement of Rockefeller Capital Management Investment and Sale of Investment Planning Counsel

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...

Marcos Alvarez ... (+2)
  • Marcos Alvarez
  • Michael Driscoll

IGM Financial Inc.: Rating Report

On August 18, 2022, DBRS Ratings GmbH (DBRS Morningstar) confirmed the Issuer Rating and Unsecured Debentures rating of IGM Financial Inc. at A (high) with Stable trends.

Marcos Alvarez ... (+2)
  • Marcos Alvarez
  • Michael Driscoll

DBRS Morningstar Confirms Ratings on IGM Financial Inc. at A (high), S...

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Ratings on IGM Financial Inc. at A (high), Stable Trends

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.

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