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The Cash Store Financial Services Inc. Mar 12 Product Image

The Cash Store Financial Services Inc. Mar 12

  • ID: 2082786
  • March 2012
  • Standard & Poors

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.
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

The Cash Store Financial Services Inc.

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