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Brookfield Asset Management Inc. Jun 07
Standard & Poors, June 2007
Abstract
Strong company level financial measures and liquidity Strong market position and improving diversity of core subsidiaries Strategy leading to increasing contribution from more stable asset management business Management discipline in acquisition strategy and maintaining nonsupport policy of nonrecourse subsidiary debts Increasing subsidiary level's nonrecourse debts, making the nonsupport policy even more crucial to the ratings Higher proportion of nonlisted investments compared with other operating holding companies, but this could decrease over time The ratings on Brookfield Asset Management Inc. (BAM) are determined under Standard & Poor's Ratings Services' operating holding company methodology. Standard & Poor's considers BAM to be an operating holding company due to its corporate structure, which consists of holding a mix of minority, majority, and wholly owned...
Companies mentioned in this report are: Brookfield Asset Management Inc.,Brookfield Renewable Power Inc.,Transelec S.A.,Brookfield Office Properties Inc.
Action: Affirmed
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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