The firm's credit ratings "reflect the strength of BCI’s diversified portfolio," says exec
British Columbia Investment Management Corporation (BCI) has secured top long-term credit ratings from global credit rating agencies. The credit ratings are as follows:
-
Moody’s Investors Service (Moody’s) rated BCI at Aaa (stable)
-
S&P Global Ratings (S&P) rated BCI with an AAA (stable)
-
DBRS Limited (DBRS Morningstar) rated BCI as AAA (stable)
“BCI’s credit ratings reflect the strength of BCI’s diversified portfolio, our robust governance framework, and confidence in BCI’s investment management and operational capabilities,” said Daniel Garant, executive vice president and global head of public markets.
“We are committed to maintaining a high-quality credit profile for investors in BCI’s debt program,” said Garant.
More recently, BCI is an anchor investor for Overland Advisors, the new venture by Centerbridge Partners and Wells Fargo. The partnership’s primary goal is to pioneer a business development company that focuses on lending directly to middle-market companies, an underserved segment within the private credit market. BCI is part of the initial equity commitment of $2 billion.
As of March 31, 2023, BCI is one of Canada's largest institutional investors, managing $233.0 billion in gross assets. BCI oversees a diverse portfolio of public and private market investments on behalf of 32 public sector clients in British Columbia.
Read more: BCi turns to ESG to increase returns
