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Brookfield Asset Management Inc. Nov 06
Standard & Poors, Nov 2006
Abstract
Strong liquidity Successful investment track record of management High management share in ownership provides good alignment between management and corporate interests Increasing proportion of nonlisted investments Concentration of assets in commercial real estate is somewhat high The ratings on Brookfield Asset Management Inc. (Brookfield) are determined under Standard & Poor's Ratings Services' operating holding company methodology. Standard & Poor's considers Brookfield to be an operating holding company due to its corporate structure, which consists of holding a mix of minority, majority, and wholly owned companies. This view is premised on our expectation that Brookfield has refrained from, and will continue to refrain from, providing significant financial resources beyond its committed capital to support the borrowings of the companies in which...
Companies mentioned in this report are: Brookfield Asset Management Inc.,Brookfield Renewable Power Inc.,Transelec S.A.,Brookfield Office Properties Inc.,BRP Finance ULC
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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