CI Financial Requests Morningstar DBRS to Withdraw Credit Ratings
The request is the result of Morningstar DBRS’s ratings methodology which relies on IFRS metrics and does not incorporate adjustments that CI believes necessary to appropriately reflect the company’s underlying results and financial condition. Under the rating agency’s methodology, large swings (double digit) in CI’s leverage ratio have occurred over short time periods.
Following CI’s request to withdraw the ratings, Morningstar DBRS has indicated that it will continue its ratings on CI on an unsolicited basis. CI management is no longer engaging with Morningstar DBRS and any unsolicited ratings are based solely on publicly available information.
About
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Asset Management, which includes CI Global Asset Management, which operates in
Canada , andGSFM , which operates inAustralia . -
Canadian Wealth Management, which includes the operations of CI Assante Wealth Management,
Aligned Capital Partners , CI Private Wealth, Northwood Family Office,Coriel Capital ,CI Direct Investing and CI Investment Services . -
U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients acrossthe United States .
CI is headquartered in
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911396654/en/
Investor Relations
Vice-President, Investor Relations & Strategy
416-681-8779
jweyeneth@ci.com
Media Relations
Vice-President, Corporate Communications
416-681-3254
moxby@ci.com
Managing Partner, StreetCred
610-304-4570
jimmy@streetcredpr.com
ci@streetcredpr.com
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