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Canada Pension Plan Investment Board Rating Affirmed At 'AAA' On Solid Investment Portfolio Dec 11 Product Image

Canada Pension Plan Investment Board Rating Affirmed At 'AAA' On Solid Investment Portfolio Dec 11

  • Published: December 2011
  • Region: Canada
  • Standard & Poors

Abstract
We are affirming our 'AAA' long-term issuer credit and 'A-1+' rating on the Canada Pension Plan Investment Board (CPPIB). We are also affirming our 'A-1+' global scale and 'A-1'(High)' Canada scale commercial paper ratings on subsidiary CPPIB Capital Inc. The ratings primarily reflect our view of the board's role as investment fund manager for the Canada Pension Plan, in which enrollment is mandatory for all Canadian workers outside Quebec. The ratings also reflect our assessment of CPPIB's large investment portfolio and strong net creditor position; well-developed corporate governance and risk management frameworks; and experienced management team. The stable outlook reflects our expectation that the board will maintain a very large net asset position and conservative risk management framework. TORONTO (Standard...

Companies mentioned in this report are: Canada Pension Plan Investment Board,CPPIB Capital Inc.
Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

Canada Pension Plan Investment Board,CPPIB Capital Inc.

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