• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Export Development Canada Sep 07
Standard & Poors, September 2007
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
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