- Published: August 2009
- Region: Canada
Summary: Ottawa Catholic School Board
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on Ottawa Catholic School Board (OCSB) reflect Standard & Poor's Ratings Services' assessment of the board's debt servicing that provincial capital grants cover fully, a very high level of provincial support and oversight, and strict regulation precluding redirection of capital grants for operations. The rating on the Province of Ontario (AA-/Stable/A-1+), the board's sole source of funding for debt servicing, constrains the ratings. Standard & Poor's believes the level of provincial support and oversight has increased in the wake of capital funding changes from the past few years, in which Ontario is assuming a more central role in school board funding decision-making and introducing increased regulations. Provincial school boards have moved toward a more centralized funding process compared...
Companies mentioned in this report are: Ottawa Catholic School Board
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Ottawa Catholic School Board