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Business Development Bank of Canada Nov 06
Standard & Poors, Nov 2006
Abstract
Status as an agent Crown Corporation (an agent of Her Majesty in right of Canada) 100% government ownership The provision that its debt constitutes a direct obligation of the Government of Canada (AAA/Stable/A-1+) and is a charge on, and payable out of, the central government's Consolidated Revenue Fund Stable track record of financial self-sustainability on core lending business Good capitalization High-risk nature of mandate focus on small and medium-size enterprises (SMEs), including subordinate financing investments and venture capital equity investments The ratings on Business Development Bank of Canada (BDC) reflect: Its status as an agent Crown Corporation (an agent of Her Majesty in right of Canada); Its ownership by the Government of Canada (Canada; AAA/Stable/A-1+); and The provision that BDC's...
Companies mentioned in this report are: Business Development Bank of Canada,Canada,Export Development Canada ,Farm Credit Canada,Canada Mortgage and Housing Corp.,Canadian Wheat Board,Bank of Canada,MILIT-AIR Inc.
Action: Affirmed
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.
Research Type: Full Analysis
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