R-15.1, r. 6 - Regulation respecting supplemental pension plans

Section 15.0.0.2 Disposition versions

2018-01-04

15.0.0.2. The letter of credit must be issued by a financial institution that meets the following requirements:

(1)  it is authorized to issue letters of credit in Québec or elsewhere in Canada where an agreement referred to in section 249 of the Act applies;

(2)  any of the following credit rating organizations gives it the rating indicated on the same line as the organization’s name in the following table, or a higher rating:

Credit rating organization Rating

DBRS A

Fitch Ratings A

Moody’s Investors Service A2

Standard & Poor’s A

O.C. 1073-2009, s. 5; O.C. 1183-2017, s. 6.

2012-09-01

15.0.0.2. The letter of credit must be issued by a financial institution that meets the following requirements:

(1)  it is authorized to issue letters of credit in Québec or elsewhere in Canada where an agreement referred to in section 249 of the Act applies;

(2)  any of the following credit rating organizations gives it the rating indicated on the same line as the organization’s name in the following table, or a higher rating:

Credit rating organization Rating

Dominion Bond Rating Service A

Fitch Ratings A

Moody’s Investors Service A2

Standard & Poor’s A

O.C. 1073-2009, s. 5.