Based on rigorous, well-defined criteria and assigned by committee, Standard & Poor's income fund stability ratings reflect a current opinion on the prospective relative stability of distributable cash flow generation of Canadian income funds.
Stability ratings refer specifically to the prospective relative sustainability and variability of an income fund's distributable cash flows, which underpin cash distributions.
Disclaimer:
A stability rating is not a credit rating but reflects Standard & Poor's current opinion on the prospective relative stability of distributable cash flow generation of a Canadian income fund on a scale running from 'SR-1' to 'SR-7'. A stability rating is an opinion and is not a verifiable statement of fact. Stability ratings are based on information provided to Standard & Poor's by an issuer or its agents and Standard & Poor's relies on the issuer, its accountant, counsel and other experts for the accuracy, completeness and timeliness of the information submitted to it in connection with a stability rating. Standard & Poor's does not perform an audit in connection with a stability rating and undertakes no duty of due diligence or independent verification of any information used in the rating process. Standard & Poor's does not and cannot guarantee the accuracy, completeness or timeliness of the information relied on in connection with a stability rating or the results obtained from the use of such information. Standard & Poor's may raise, lower, suspend, place on StabilityWatch or withdraw a stability rating at any time, in Standard & Poor's sole discretion. A stability rating is not a "market" rating nor a recommendation to buy, hold, or sell any security.
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