Laurentian Bank of Canada C$100 Million Noncumulative Preferred Shares Rated 'P-2' - S&P Global Ratings’ Credit Research

Laurentian Bank of Canada C$100 Million Noncumulative Preferred Shares Rated 'P-2'

Laurentian Bank of Canada C$100 Million Noncumulative Preferred Shares Rated 'P-2' - S&P Global Ratings’ Credit Research
Laurentian Bank of Canada C$100 Million Noncumulative Preferred Shares Rated 'P-2'
Published Oct 19, 2001
Published Oct 19, 2001
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Abstract:

TORONTO (Standard & Poor's) Oct. 19, 2001--Standard & Poor's today assigned its 'P-2' Canadian national scale and triple-'B' global scale ratings to Laurentian Bank of Canada's C$100 million, series 9 preferred shares. The preferred shares are on par with existing ratings for preferred stock. The outstanding ratings are unaffected. (A complete list of ratings is available on RatingsDirect Canada, Standard & Poor's Web-based credit analysis system, or by calling the Toronto Ratings Desk at (1) 416-202-6000). This issuance follows the bank's announcement to redeem its outstanding noncumulative class A, series 6 preferred shares, representing an aggregate amount of C$60 million. The ratings on Laurentian Bank reflect its sizable presence in the Quebec market (53% of loan portfolio); a stable loan

  
Report Type:

News

Issuer
Laurentian Bank of Canada
Sector
Financial Institutions, Global Issuers
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Laurentian Bank of Canada C$100 Million Noncumulative Preferred Shares Rated 'P-2'" Oct 19, 2001. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Laurentian-Bank-of-Canada-C-100-Million-Noncumulative-Preferred-Shares-Rated-P-2-214402>
  
APA:
S&P Global Ratings’ Credit Research. (). Laurentian Bank of Canada C$100 Million Noncumulative Preferred Shares Rated 'P-2' Oct 19, 2001. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Laurentian-Bank-of-Canada-C-100-Million-Noncumulative-Preferred-Shares-Rated-P-2-214402>
  
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