TORONTO (Standard&Poor's) April 26, 2011--Standard&Poor's Ratings Services today said it assigned its 'BBB' issue rating to Toronto-based Home Capital Group Inc.'s proposed C$150 million senior unsecured notes, due 2016. Standard&Poor's also assigned its 'BBB' senior unsecured, 'BBB-' subordinated debt, 'BB+' global scale preferred stock, and 'P-3(High)' Canada scale preferred stock preliminary ratings to Home Capital's universal shelf. At the same time, Standard&Poor's affirmed its 'BBB' long-term counterparty credit rating on Home Capital and its 'BBB+' long-term counterparty credit rating on Home Capital's subsidiary Home Trust Co. The outlook is stable. The C$150 million senior debt issue is being completed to address the change in Home Trust's leverage position relative to its regulatory
