Summary: Export Development Canada Sep 07

Standard & Poors, September 2007

Abstract
The ratings on Export Development Canada (EDC)'s debt issues reflect: Its status as an agent Crown corporation (agent of Her Majesty in right of Canada); Its 100% ownership by the Government of Canada (AAA/Stable/A-1+); and The provision that its debt constitutes a direct obligation of the Canadian government and is a charge on, and payable out of, the central government's Consolidated Revenue Fund (CRF). Although debt is normally serviced from EDC's own resources, its obligations are full faith and credit obligations of the Government of Canada, with access to the CRF ensuring timeliness of debt service. Because of this status, the ratings on EDC's debt issues (both short- and long-term) are equalized with those on its owner. Standard & Poor's...

Companies mentioned in this report are: Export Development 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

Customers who bought this item also bought

• Charter Schools - Global Outlook
• eLEARNING - Global Strategic Business Report
• Aerospace and Defense Industry - Global Strategic Business Report
• Sports and Fitness Nutrition - Global Strategic Business Report
• Commercial And Military Flight Simulation - Global Strategic Business Report
• Education Services - Global Strategic Business Report
• North America – Smart Weapons Markets and Technologies Outlook – 2013-2020
• North American Military Avionics Market
• Aerospace and Defense Industry - Global Outlook
• International Military and Government Helicopter Survey