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Business Development Bank of Canada Apr 01
Standard & Poors, April 2001
Abstract
The ratings on Business Development Bank of Canada (BDC) 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 government and are a charge on and payable out of the government's Consolidated Revenue Fund. The stable outlook on BDC reflects that of the Government of Canada and the expectation that the bank will continue to play an important role in Canada's industrial policy. BDC's primary role is to provide debt and equity financing and consulting services to small and midsize Canadian businesses, with an emphasis on the technology and export sectors. The bulk of BDC's...
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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