Export Finance & Insurance Corp. Sep 11
Standard & Poors, September 2011
Abstract
100% ownership by the 'AAA' rated Commonwealth of Australia Legislative guarantee of EFIC's obligations--when they are due for payment--by the Australian government, funded from the government's Consolidated Revenue Fund Sound management team and strong liquidity management Volatility in asset quality, reflecting EFIC's obligation to focus on the "market gap" The 'AAA' corporate credit rating on the Export Finance and Insurance Corp. (EFIC) reflects Standard & Poor's Ratings Services' opinion of the following factors: EFIC's status as a wholly owned statutory corporation of the Commonwealth of Australia (AAA/Stable/A-1+); and A legislative guarantee of EFIC's obligations when they are due for payment by the Australian government, funded from the government's Consolidated Revenue Fund (CRF). Although EFIC normally services debt from its own...
Companies mentioned in this report are: Export Finance & Insurance Corp.
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
Export Finance & Insurance Corp.
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