|
|
 |
|
Viewing report
|
|
|
|
Brascan Corp. C$125 Million Junior Subordinated Debentures Rated 'BBB' Dec 01
Standard & Poors, Dec 2001
Abstract
TORONTO (Standard & Poor's) Dec. 5, 2001--Standard & Poor's today assigned its triple-'B' subordinated debt rating to Brascan Corp.'s C$125 million junior subordinated debentures, referred to as preferred securities. At the same time, the outstanding ratings on the company, including the single-'A'-minus long-term and 'A-2' short-term corporate credit ratings, were affirmed. The outlook is stable. (A complete list of ratings is available on RatingsDirect Canada, Standard & Poor's Web-based credit analysis system, or by calling the Toronto Ratings Desk at (1) 800-258-9418.) The preferred securities issue has a 50-year maturity, is redeemable after five years, has the ability to defer interest payments and pay interest in shares, and may be increased in size to C$175 million. The ratings on Brascan...
Companies mentioned in this report are: Brookfield Asset Management Inc.,Xstrata Canada Corp.,Norbord Inc.,Brookfield Renewable Power Inc.,Brascan Financial Corp.
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
