|
|
Article: CANADA: MOODY'S TO RATE DEBT COVERED BY CANADIAN GUARANTEE AAA/P-1.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- March 9, 2009
CopyrightCOPYRIGHT 2009 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Moody's Investors Service announced today that it will assign backed-Aaa and backed Prime-1 ratings to eligible long- and short-term debt securities, respectively, that are covered by the Canadian Lenders Assurance Facility (CLAF), a guarantee program established by the Canadian government, which is itself rated Aaa / Prime-1. The outlook on the backed long-term rating will be stable, consistent with the outlook for the ratings of Canada. The backed-Aaa and backed Prime-1 ratings that will be assigned to guaranteed notes are based on the unconditional and irrevocable guarantee from Canada, which is rated Aaa/Prime-1 with a stable outlook. The guarantee will be ...