Track record of managing mortgage sector risk while building market position Strategic focus, sectoral expertise, and management continuity Consistent earnings performance and stable capital ratios Concentrated exposure to riskier segment of Canadian mortgage market High growth rate of mortgage portfolio, with increasing emphasis on uninsured mortgage lending Dependence on third-party channels for mortgage and deposit origination The stable outlook reflects Standard&Poor's Ratings Services' expectation that Home Capital Group Inc. will continue to generate sustainable and consistent earnings, and maintain capital levels commensurate with a very strong score. Standard&Poor's believes the company is well positioned to manage the credit risks and competitive pressures acting on its mortgage-lending franchise in a variety of economic and housing market conditions.
