They may not have been asked to give a rating, For a number of years, Canadian investors and regulators and market participants were quite happy with the market for asset-backed commercial paper.
It is true that we did not foresee the depth of the global liquidity crisis; we did not foresee credit spreads widening to levels not seen since 1932, and then beyond. I think it's a testament to some of the credit analysis we have done that the majority of the notes still maintain an investment grade rating, a number of firms continue to hold—