RE:So is Everyone Just Going to Ignore the Credit Down Grades?The Moody's downgrade was discussed here extensively when it happened last month.
Since then they have sold $5.7 billion in assets and the BOC cut interest rates by 1/4 point on top of the 1/2 point they cut earlier in the summer and are forecasting larger cuts to come more frequently.
Should help but were just not going to know how much until we see it in ERs on balance sheets. We haven't really even been able to see what the reduced cap-ex and fibre rollout with the layoffs have accomplished yet but they are moving the needle in the right direction.
The fact that they are taking decisive action says there is no need to panic.
GLTY and all