Canadian ABCP Players Propose Investor Bailout

17 Aug 2007

A consortium of banks, asset-providers and major investors affected by DBRS’s recent actions on several Canadian asset-backed commercial paper issuers proposed a work out plan Thursday.

--Aaron Johnson

A consortium of banks, asset-providers and major investors affected by DBRS’s recent actions on several Canadian asset-backed commercial paper issuers proposed a work out plan Thursday. The agreement would allow investors a 60-day period to exchange their ABCP holdings for long-term notes, followed by a five-month period ...

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