Standard & Poor?s Ratings Services last week withdrew all ratings for Brascan Financial Corp. after it was integrated into parent company Brascan Corporation. Brascan Financial?s integration into Brascan Corp. was sealed on December 30 by a shareholder vote. The amalgamation took effect from January 1. S&P said as a result, Brascan Financial ?ceased to exist and Brascan assumed all of the assets and liabilities of Brascan Financial. All rated securities of Brascan Financial are now direct obligations of Brascan and carry the rating on Brascan.?

A company wholly owned by Brascan Corporation, Trilon International Corporation, holds a 90 percent stake in Bermuda-based finite risk reinsurer Imagine.