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Fitch rates Omers Administration AAA
Fitch Ratings said it published a long-term issuer default rating of AAA and a short-term issuer default rating of F1+ for Omers Administration Corp.
Fitch also assigned a short-term issuer default rating of F1+ to Omers' debt-issuing entity, Omers Finance Trust.
The outlook is stable.
“Omers' ratings reflect its exceptionally strong asset overcollateralization and liquidity levels, the creditor priority of debtholders to pensioners, the captive nature of inflows, its experienced management team, solid investment track record, relatively stable interest and dividend income, which can be used to service debt and support the payment of pension obligations, strong corporate governance, and a supportive operating environment and regulatory framework,” the agency said in a news release.
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