Silver Standard to sue DBRS
The Peterborough Examiner reports Silver Standard has filed a lawsuit against DBRS.
Silver Standard bought the investments, known as assetbacked commercial paper, or ABCP, though six different trusts on the advice of its bank and investment adviser, Vancouver based HSBC Bank Canada.
They were rated “R-1 high” by Dominion Bond Rating Service.
A month and two days after it made its last investment, the ABCP market — worth $33 billion in Canada — froze.
For complete story, click this link. Follow developments in silver mining and exploration for free.Sign on to the Silver Investing Newsletter.
Comment |
|
Tweet |
|
All content Copright 2011 Dig Media Inc. Disclaimer
Reproduction Request
Mon, Aug 11, 2008
Post by Melissa Pistilli, Silver Senior Reporter