Our Debt/Equity indices show corporate debt in both countries as cheap to equity but U.S. credits being more expensive than Canadian credits. We see corporate spreads narrowing the value gap in both countries even though the move in the United States is more pronounced.
RZBA D/E US index
The RZBA D/E US index has a target of 100 reference entities, rebalanced monthly. For more information please refer to our research paper on Credit Indices.