Summary: Export Development Corp. Apr 01
Standard & Poors, April 2001
Abstract
The ratings on Export Development Corp. (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 obligations constitute direct obligations of the Canadian government and are a charge on and payable out of the government's Consolidated Revenue Fund. The foreign and local currency outlooks reflect those of the Canadian government and 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....
Companies mentioned in this report are: Export Development Canada ,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.
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.
Export Development Canada ,Canada
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