GREY:CMLEF - Post by User
Comment by
xbox360on Aug 04, 2017 12:44pm
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Post# 26548203
RE:Transferring Unsecured debt to secured mortgages result
RE:Transferring Unsecured debt to secured mortgages result Good. They cannot issue any unsecured debt, which is nice. DBRS rating actually reduces the risk of CEO being dumb. Michel Dallaire even stated that he expected it yet he didn't care because he runs his company his way and not by the books of the credit rating agency.
Most stupid comment I've ever heard from a conference call. As a CEO, you need to keep in mind and meet the requirements of the credit rating agency just like how you would manage your own personal finances. Anyway, maybe the CEO is getting old and we need a new one. The oldie might need a mental check-up.