Following a review of Home Capital Group (Home Capital) under Standard&Poor's revised bank criteria (published on Nov. 9, 2011), we are affirming our 'BBB' long-term issuer credit rating on Home Capital, and our 'BBB+' long-term issuer credit rating on Home Trust Company. The anchor is 'a'. The ratings on Home Capital are based on its weak business position, strong capital and earnings, moderate risk position, average funding, and adequate liquidity. The outlook is stable. We expect that Home Capital will effectively manage its current mortgage portfolio and respond to growth opportunities while allowing for risks associated with the Canadian mortgage market and financial market conditions generally. As we previously announced, on Dec. 13, 2011, Standard&Poor's Ratings
