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Canada Pension Plan Investment Board Jan 12
Standard & Poors, Jan 2012
Abstract
Very large net asset position Positive net contributor payments until 2021 Strong corporate governance and risk management frameworks Experienced management team Legislative right to maintain assets with a fair value no less than liabilities Still-evolving track record The ratings on the Canada Pension Plan Investment Board (CPPIB) reflect Standard & Poor's Ratings Services' opinion of the board's single mandate as investment fund manager for the Canada Pension Plan (CPP), in which enrollment is mandatory for all Canadian workers outside Quebec; legislatively enshrined independence and right to hold assets with a fair value no less than CPP liabilities; large investment portfolio and strong net creditor position; well-developed corporate governance and risk management frameworks; and experienced management team. The ratings also incorporate...
Companies mentioned in this report are: Canada Pension Plan Investment Board,Canada,CPPIB Capital 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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