A New Twist on ‘Ratings Shopping’ Emerges in a Frothy Canadian Bond Market
Plus: MDA’s CEO has a message for Ottawa
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It’s no secret to anyone keeping tabs on the Canadian corporate bond market: Morningstar DBRS hands out the highest grades to borrowers. On average, its ratings are one full notch higher than those assigned by its main competitors: S&P Global, Moody’s and Fitch.