Farm Credit Canada

Farm Credit Canada (FCC) was originally established in 1959 as the Farm Credit Corporation and received its current name through the Farm Credit Canada Act in 2001. FCC's primary purpose is to enhance rural Canada through the provision of financial and other specialized business services to farming operations, including family farms. As an agent of the Crown, DBRS's ratings are based on the Government of Canada as outstanding debt of FCC represents a direct obligation of the Government of Canada payable out of the government's Consolidated Revenue Fund. However, since April 2008 FCC is no longer issuing debt in the capital markets and now borrows directly from the Federal Government.