DBRS Places Kingsway Linked Return of Capital Trust Under Review with Negative Implications
Split Shares & FundsDBRS has today placed its rating of the Preferred Units issued by Kingsway Linked Return of Capital Trust, rated at Pfd-3, Under Review with Negative Implications. This action is a result of DBRS placing the ratings of Kingsway Financial Services Inc. and affiliates (the Company) Under Review with Negative Implications on February 9, 2009. This rating action followed the Company’s pre-release of Q4 2008 results.
Notes:
The applicable methodology is Split Share Issuers: A Performance Overview, which can be found on our website under Methodologies.
This is a Structured Finance rating.