Summary: Business Development Bank of Canada Dec 10
- ID: 1873609
- December 2010
- Region: Canada
- Standard & Poors
The ratings on Business Development Bank of Canada (BDC) reflect Standard & Poor's Ratings Services' assessment of the following factors: The bank's status as an agent Crown Corporation (an agent of Her Majesty in right of Canada); Its ownership by the Government of Canada (AAA/Stable/A-1+); and The provision that BDC's debt constitutes a direct obligation of the government and is a charge on and payable out of its Consolidated Revenue Fund (CRF). Although BDC normally services debt from its own resources, its obligations are full-faith and credit obligations of Canada, with access to the CRF assuring the timeliness of debt service. Because of this, we have equalized the ratings on the bank with those on its owner. In addition, BDC...
Companies mentioned in this report are:
- Business Development Bank of Canada
- Export Development Canada
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