DBRS Finalizes Pfd-3 Rating on FNFC Preferred Share Issue, Stable Trend

DBRS has today finalized the Pfd-3 rating of the $100 Million Class A Preferred Shares issued by First National Financial Corporation. (FNFC). The trend is Stable.

The rating is based on FNFC’s Short Form Prospectus dated January 18, 2011, and information provided by FNFC as of January 18, 2011.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodologies are the Global Methodology for Rating Banks and Banking Organisations, Rating Parent/Holding Companies and Their Subsidiaries and Preferred Share Methodology for Corporate Issuers (Excluding Financial Institutions), which can be found on the DBRS website under Methodologies. In applying the banking methodology, DBRS has allowed for the fact that the credit in question is not a bank.