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17.12.2012 22:32:00
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Moody's: No Negative Ratings Impact from CIBC Covered Bond Amendment
New York, December 17, 2012 -- After analysis of the credit impact of amendments to the interest rate swap related to the Canadian Imperial Bank of Commerce (CIBC) Global Public Sector Covered Bond Programme (the Programme), Moody's Investors Service stated that the amendment, in and of itself and at this time, did not result in the downgrade or withdrawal of the ratings on the covered bonds issued under the Programme.
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