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Business Development Bank of Canada Nov 03
Standard & Poors, Nov 2003
Abstract
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 direct obligations of the government and is a charge on and payable out of its Consolidated Revenue Fund. The ratings are also supported by the expectation that BDC will continue to play an important role in Canada's industrial policy. The bank's stable outlook reflects that of the government of Canada, and the expectation that BDC will continue to play an important role in Canada's industrial policy. BDC is a Crown Corporation that was established in 1974 as the Federal...
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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