Credit Agency Ratings
On October 26, 2012, rating agency Moody’s Investors Service said it is reviewing the long-term ratings of the Canadian Imperial Bank of Commerce, because of concerns about consumer debt levels, housing prices, a sizable exposure to capital markets and more.
Read more about this topic: Canadian Imperial Bank Of Commerce
Famous quotes containing the words credit and/or agency:
“Money is a poor man’s credit card.”
—Marshall McLuhan (1911–1980)
“It is possible that the telephone has been responsible for more business inefficiency than any other agency except laudanum.... In the old days when you wanted to get in touch with a man you wrote a note, sprinkled it with sand, and gave it to a man on horseback. It probably was delivered within half an hour, depending on how big a lunch the horse had had. But in these busy days of rush-rush-rush, it is sometimes a week before you can catch your man on the telephone.”
—Robert Benchley (1889–1945)