Fixed Income Quarterly—Outlook
Page 31
Data Tables
Sector Rating
and Corporate Rankings
Banks - Market Perform
TD Bank
Royal Bank
Bank of Montreal
Scotiabank -
National Bank
CIBC --+
Table 5.2
Corporate Rankings and Credit Scorecard
Risks
M&A External Regulatory Issuance   Liquidity  Other 
Credit Profile
Financial Fundamental Ratings
plus = Improving, blank = Stable, minus = Weakening
New
plus = Low, blank = Average, minus = High
- - +
Trading
Credit
- - + - - + - - + - - + - - +
Communications - Outperform - - +
TELUS Corp. - - + Bell Canada - - + Rogers Communications - - + Cogeco Cable - - - + Manitoba Telecom - -
Shaw Communications - - + Bell Aliant - - +
Insurance - Market Perform - - +
Great-West LifeCo - - + Manulife Financial - - + Sunlife Financial - - +
Gas and Electric Utilities - Underperform + + -
Hydro One + + - Enbridge Gas Distribution +
AltaLink LP - - + - CU Inc. + + - FortisAlberta + +
Toronto Hydro + Union Gas + Gaz Metro inc. +
Infrastructure - Market Perform + -
Greater Toronto Airports Authority + - 407 International + - NAV CANADA + -
Pipelines - Market Perform -
Enbridge Pipelines Inc. - Enbridge Inc. - TransCanada PipeLines -
REITs - Outperform
Calloway REIT First Capital Realty H&R REIT
RioCan REIT
Retail - Underperform - -
+
+ + + - - + -
+ + + +
-
-
-
+ + +
+
+
- -
+ +
+ + + + + +
+ +
+
+
- +
- +
- -
- -
- -
- -
- -
+
-
- - -
-
-
+
+ + + +
+
- -
+ +
+ + +
-
Loblaw
Metro Canadian Tire
Source: BMO Capital Markets
-++- ------ - - + + - + -