Clear but untested regulatory framework Market leadership position in Canada Well-established business model that limits operational risk Short duration and size of exposures Sustainable financial profile Competition growing in intensity as a result of limited barriers to entry Moderate geographic and product diversity Exposure to regulatory and legal uncertainties Exposure to high-risk borrowers Standard & Poor's Ratings Services' ratings on The Cash Store Financial Services Inc. (CSF) take into account the competitive conditions in the Canadian payday lending market, the sector's evolving and relatively untested regulatory arrangements, credit risks inherent to the payday lending sector, and CSF's plans to expand its branch networks in Canada and the U.K. The ratings also reflect the company's consistent track record and leading Canadian...
Companies mentioned in this report are: The Cash Store Financial Services Inc.
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