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Brascan Corp. Jun 04
Standard & Poors, June 2004
Abstract
Upward trending cash inflows from multiple cash-generative holdings Successful investment track record of management High management share in ownership provides good alignment between management and corporate interests Moderate liquidity of portfolio High concentration of portfolio Some correlation between subsidiaries The ratings on Brascan Corp. are determined under Standard & Poor's Ratings Services' operating holding company methodology. Standard & Poor's considers Brascan to be an operating holding company due to its corporate structure, which consists of holding a mix of minority, majority, and wholly owned companies. The ratings on Brascan reflect the company's diverse portfolio of investments and wholly owned subsidiaries, which have provided upward trending dividend inflows and cash flows to cover overheads and interest expenses. The company's portfolio of...
Companies mentioned in this report are: Brookfield Asset Management Inc.,Brookfield Renewable Power Inc.
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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