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Brascan Corp. Aug 05
Standard & Poors, Aug 2005
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 somewhat high 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 good portfolio of investments and wholly owned subsidiaries, which have provided upward trending dividend inflows and cash flows. The company's portfolio of investments also provides good liquidity and strong coverage of debt...
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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