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Canada Mortgage and Housing Corp. Dec 11
Standard & Poors, Dec 2011
Abstract
Status as an agent Crown Corporation (an agent of Her Majesty in right of Canada) 100% government ownership The provision that its debt constitutes a direct obligation of the Government of Canada and is a charge on, and payable out of, the central government's consolidated revenue fund Relatively good track record of financial self-sustainability High concentration of risk in the Canadian real estate sector, as a result of its focused mandate The ratings on Canada Mortgage and Housing Corp. (CMHC) reflect Standard & Poor's Ratings Services' assessment of the following factors: CMHC'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 the...
Companies mentioned in this report are: Canada Mortgage and Housing 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
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