Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D' - S&P Global Ratings’ Credit Research

Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D'

Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D' - S&P Global Ratings’ Credit Research
Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D'
Published Apr 30, 2010
874 words — Published Apr 30, 2010
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) April 30, 2010--Standard&Poor's Ratings Services today lowered its rating on Bank of Nova Scotia's C$98.465 million portfolio credit-linked note, a synthetic corporate investment-grade collateralized debt obligation (CDO) transaction. We lowered our rating to 'D' from 'CCC-' because the note incurred a partial loss. RELATED CRITERIA AND RESEARCH "CDO Spotlight: Surveillance Primer—What Drives Synthetic CDO Rating Changes?" published Feb. 27, 2007. "Criteria Structured Finance CDOs: Criteria For Rating Synthetic CDO Transactions: Description Of A Synthetic CDO Transaction," published Sept. 1, 2004. "Criteria Structured Finance CDOs: Criteria For Rating Synthetic CDO Transactions: Timely Payment Of Interest And Ultimate Payment Of Principal ," published Sept. 1, 2004. "Criteria Structured Finance

  
Brief Excerpt:

RESEARCH Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D' Publication date: 30-Apr-2010 Primary Credit Analyst: Jayashree Subramanian, New York (1) 212-438-3594; jayashree_subramanian@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
BNS@CN
Issuer
Bank of Nova Scotia (The)
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Canada
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D'" Apr 30, 2010. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-Of-Nova-Scotia-C-98-465-Million-Portfolio-Credit-Linked-Note-Rating-Lowered-To-D-796309>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank Of Nova Scotia C$98.465 Million Portfolio Credit-Linked Note Rating Lowered To 'D' Apr 30, 2010. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-Of-Nova-Scotia-C-98-465-Million-Portfolio-Credit-Linked-Note-Rating-Lowered-To-D-796309>
  
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