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Business Development Bank of Canada May 05
Standard & Poors, May 2005
Abstract
Crown Corporation status. 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 100% ownership by the government of Canada, and The provision that BDC's debt constitutes a direct obligation of the government and is a charge on and payable out of its Consolidated Revenue Fund. The stable outlook on BDC's ratings mirrors that of the government of Canada, and the expectation that BDC will continue to play an important role in Canada's industrial policy. BDC, a Crown Corporation established in 1974 as the Federal Business Development Bank, has continued under its current name since 1995. The bank was created to promote and...
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
Action: Review
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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