Export Development Canada Jul 06
- ID: 1873561
- July 2006
- Region: Canada
- Standard & Poors
Status as an agent Crown Corporation (agent of Her Majesty in right of Canada) 100% government ownership 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 Solid track record of financial self-sustainability Good capitalization High concentration of loan and guarantee exposure to surface transportation and aerospace industries, and much of this to speculative-grade entities 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 (AAA/Stable/A-1+); and The provision that its debt constitutes a direct obligation of the Canadian government and...
Companies mentioned in this report are:
- Export Development Canada
- Farm Credit Canada
- Business Development Bank of Canada
- Canada Mortgage and Housing Corp.
- Canadian Wheat Board
- Bank of Canada
- MILIT-AIR Inc.
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