Laurentian Bank of Canada's Tier 1 Non-Cumulative Five-Year Preferred Shares Series 13 Rated 'BB/P-3' - S&P Global Ratings’ Credit Research

Laurentian Bank of Canada's Tier 1 Non-Cumulative Five-Year Preferred Shares Series 13 Rated 'BB/P-3'

Laurentian Bank of Canada's Tier 1 Non-Cumulative Five-Year Preferred Shares Series 13 Rated 'BB/P-3' - S&P Global Ratings’ Credit Research
Laurentian Bank of Canada's Tier 1 Non-Cumulative Five-Year Preferred Shares Series 13 Rated 'BB/P-3'
Published Mar 25, 2014
Published Mar 25, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TORONTO (Standard&Poor's) March 25, 2014--Standard&Poor's Ratings Services today said it assigned its 'BB' global scale and 'P-3' Canada scale ratings to Laurentian Bank of Canada's (LBC) proposed Tier 1 non-cumulative five-year preferred shares series 13. The issuer credit rating on LBC is BBB/Stable/A-2. "In accordance with our criteria for hybrid capital instruments, the ratings reflect our analysis of the proposed instrument, and our assessment of LBC's 'bbb' stand-alone credit profile," said Standard&Poor's credit analyst Michael Leizerovich. (For more information, see "Bank Hybrid Capital Methodology And Assumptions," published Nov. 1, 2011, on RatingsDirect on the Global Credit Portal.) The 'BB' rating stands three notches below the stand-alone credit profile (SACP), incorporating: A deduction of two

  
Report Type:

Ratings Action

Ticker
LB@CN
Issuer
Laurentian Bank of Canada
GICS
Regional Banks (40101015)
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Laurentian Bank of Canada's Tier 1 Non-Cumulative Five-Year Preferred Shares Series 13 Rated 'BB/P-3'" Mar 25, 2014. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Laurentian-Bank-of-Canada-s-Tier-1-Non-Cumulative-Five-Year-Preferred-Shares-Series-13-Rated-BB-P-3-1283812>
  
APA:
S&P Global Ratings’ Credit Research. (). Laurentian Bank of Canada's Tier 1 Non-Cumulative Five-Year Preferred Shares Series 13 Rated 'BB/P-3' Mar 25, 2014. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Laurentian-Bank-of-Canada-s-Tier-1-Non-Cumulative-Five-Year-Preferred-Shares-Series-13-Rated-BB-P-3-1283812>
  
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