DBRS Morningstar published a commentary that focuses on DBRS Morningstar-rated Canadian public pension funds and related exclusive asset managers’ (the Pension Funds) direct and indirect exposure to the banks at the centre of the current banking turmoil to assess any potential credit impact. Key highlights include the following: -- The Pension Funds do not have material direct or indirect exposures to Credit Suisse, Silicon Valley Bank, or Signature Bank. -- The Pension Funds continue to ha...
DBRS Limited (DBRS Morningstar) confirmed the Public Sector Pension Investment Board's (PSP Investments) Issuer Rating at AAA. DBRS Morningstar also confirmed PSP Capital Inc.’s Medium-Term Notes rating at AAA and both the Canadian Short-Term Promissory Notes and the U.S. Commercial Paper Notes ratings at R-1 (high), based on the unconditional and irrevocable guarantee provided by PSP Investments. The trends on all ratings remain Stable.
DBRS Morningstar released a commentary titled “How Large Canadian Public Pension Funds Approach Sustainable Investing.” As large capital allocators with a long-term horizon, the large Canadian public pension funds (Pension Funds) will play a key role in fostering the advance on environmental, social, and governance (ESG) matters for the broader interest of society, however their role will be guided by their fiduciary duty to their members and clients. In this commentary, DBRS Morningstar explo...
DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating of the Public Sector Pension Investment Board (PSPIB or the Fund) at AAA. DBRS Morningstar also confirmed the ratings of the notes (collectively, the Notes) issued by PSP Capital Inc. (PSP Capital) as follows: -- Medium-Term Notes at AAA -- Canadian Short-Term Promissory Notes at R-1 (high) -- U.S. Commercial Paper Notes at R-1 (high) All trends are Stable.
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