Export Development Canada Oct 02
Standard & Poors, October 2002
Abstract
The ratings on Export Development Canada (EDC) reflect its status as an agent Crown corporation (agent of Her Majesty in right of Canada), its 100% ownership by the Government of Canada, and the provision that its debt constitutes direct obligations of the Canadian government and is a charge on and payable out of the government's Consolidated Revenue Fund. The ratings are supported by the expectation that EDC will continue to play a key role in financing and facilitating Canadian export trade and will receive the government's full support where appropriate. EDC (established in 1969) and its predecessor, the Export Credits Insurance Corp. (established in 1943), were created to support and develop, directly or indirectly, Canada's capacity to engage in export...
Companies mentioned in this report are: Export Development Canada ,Canada,Farm Credit Canada,Business Development Bank of 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
Export Development Canada ,Canada,Farm Credit Canada,Business Development Bank of Canada,Canada Mortgage and Housing Corp.,Canadian Wheat Board,Bank of Canada
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