TORONTO (Standard&Poor's CreditWire) March 21, 2001--Standard&Poor's today announced its triple-'B'-plus harmonized corporate credit and senior unsecured debt ratings on Canadian Tire Corp. Ltd. In addition, the 'A-1(Low)' harmonized Canadian national scale commercial paper rating on the company was announced. The outlook is stable. On Oct. 31, 2000, Standard&Poor's and the Canadian Bond Rating Service (CBRS) announced that they have combined operations in Canada. A process is underway to harmonize all ratings assigned by CBRS with the Standard&Poor's framework, which includes the translation of all ratings onto the Standard&Poor's ratings scale. The ratings announced today are expressed on Standard&Poor's global ratings scale. Going forward, all new debt issue ratings
