DBRS Publishes Methodology on Canadian Public Pension Funds and their Exclusive Asset Managers

DBRS has today published its methodology for rating Canadian public pension funds and their exclusive asset managers. Although the universe of rated entities in this sector is still limited, large Canadian public funds and their exclusive public assets managers share characteristics that provide considerable resilience to their credit profiles and that have so far allowed rated entities to achieve AAA ratings. Key rating drivers include relationship with large pension plans backed by large and solid government or government-related sponsors, low debt burdens, access to substantial asset base and liquidity position, as well as prudent management and governance frameworks.

This methodology release has not resulted in any rating changes or other rating actions.

DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.