TORONTO, Sept. 20 /CNW/ - The Certified Management Accountants of Ontario
(CMA Ontario) today confirmed that a portion of its investment portfolio
includes Asset-Backed Commercial Paper (ABCP), and is therefore subject to the
industry-wide issue of liquidity affecting this investment class. The
investments in ABCP were rated R1H by the Dominion Bond Rating Service.
"There is no impact on the day-to-day business operations of CMA Ontario
nor on the services it offers to members or the public as a result of this
exposure to ABCP," said Merv Hillier, CMA Ontario President and CEO.
"Like many other Canadian institutions, pension funds and corporations,
CMA Ontario looks forward to a quick and equitable resolution to the ABCP
issue" said Mr. Hillier.
About CMA Ontario
Certified Management Accountants of Ontario is a self-governing
professional organization that awards the Certified Management Accountant
(CMA) designation to qualified candidates in Ontario. With 20,000 members
(16,000 certified members and 4,000 student members), CMA Ontario is an
integral part of a profession that has 47,000 members across Canada and around
the world. CMA Ontario maintains rigorous standards of accreditation and
professionalism in management accounting to protect the public interest.
For further information:
For further information: Sharon Armstrong, Vice President, Marketing and
Communications, (416) 204-3118, c. (416) 567-8773, email@example.com