reports
- Aditi Joshi
- Travis Shaw
Ontario, Province of: Rating Report
On June 8, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Long-Term Debt rating of the Province of Ontario (Ontario or the Province) at AA (low) and the Short-Term Debt rating at R-1 (middle). DBRS Morningstar also confirmed the Ontario Electricity Financial Corporation’s Long-Term Obligations rating at AA (low) (based on the Province's rating). Concurrently, DBRS Morningstar changed the trends on all ratings to Positive from Stable.
- Aditi Joshi
- Apurva Khandeparker
- Cheryl Saldanha
- Travis Shaw
- Aditi Joshi
- Travis Shaw
- Aditi Joshi
- Thomas R. Torgerson
- Travis Shaw
Ontario's 2023 Budget: Accelerated Path to Balance
The Province of Ontario released its 2023 budget on March 23, 2023. With the 2023 budget, Ontario is allowing strong revenue growth to accelerate its path to balance, a prudent step in light of mounting economic headwinds. Despite the fiscal improvement, a hefty capital program will keep the debt-to-GDP ratio roughly in line with our previous expectations.
- Aditi Joshi
- Travis Shaw
Ontario, Province of: Rating Report
On December 22, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Long-Term Debt rating of the Province of Ontario (the Province) at AA (low) and the Short-Term Debt rating at R-1 (middle). DBRS Morningstar also confirmed the Ontario Electricity Financial Corporation’s Long-Term Obligations rating at AA (low) (based on the Province's rating). All trends are Stable.
- Aditi Joshi
- Travis Shaw
- Aditi Joshi
- Travis Shaw
Provincial 2022–23 First Quarter Wrap-up—Rapid Fiscal Turnaround but M...
Most provinces have experienced a dramatic fiscal turnaround and appear well-positioned to outperform budget targets for 2022–23; however, these trends are unlikely to be sustained as the economic outlook becomes increasingly clouded. Notwithstanding these headwinds, the majority of DBRS Morningstar's provincial ratings currently have Stable trends as strong fiscal performance has contributed to financial flexibility at the current ratings.
- Aditi Joshi
- Travis Shaw
- Aditi Joshi
- Travis Shaw
Ontario, Province of: Rating Report
On June 24, 2021, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Long-Term Debt rating of the Province of Ontario (Ontario or the Province) at AA (low) as well as the Short-Term Debt rating at R-1 (middle). DBRS Morningstar also confirmed Ontario Electricity Financial Corporation’s (OEFC) Long-Term Obligations (based on the Province's) rating at AA (low). All trends are Stable.
- Aditi Joshi
- Travis Shaw
- Aditi Joshi
- Travis Shaw
Province of Ontario Budget 2021 - The Fiscal Recovery Marathon Begins
The Province of Ontario (Ontario or the Province; rated AA (low) with a Stable trend by DBRS Morningstar) released its 2021 budget on March 24, 2021. The Province remains squarely focused on combatting the Coronavirus Disease (COVID-19) pandemic, with increased allocations for healthcare funding and ongoing supports for households and businesses as they prepare for a robust economic recovery.
- Aditi Joshi
- Travis Shaw
Ontario, Province of: Rating Report
On December 17, 2020, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Long-Term Debt rating of the Province of Ontario (Ontario or the Province) at AA (low) as well as the Short-Term Debt rating at R-1 (middle). DBRS Morningstar also confirmed Ontario Electricity Financial Corporation’s (OEFC) Long-Term Obligations (based on the Province's) rating at AA (low). All trends are Stable.
- Aditi Joshi
- Travis Shaw
- Paul Le Bane
- Travis Shaw
Ontario's First Quarter Fiscal Update
Province of Ontario (Ontario or the Province, rated AA (low), Stable, by DBRS Morningstar) released its 2020–21 first quarter fiscal update on August 12, 2020. The fiscal and economic impact of the pandemic has been more severe than the Province expected when it tabled its Economic and Fiscal Update in March 2020.
- Aditi Joshi
- Paul Le Bane
- Travis Shaw
- Paul Le Bane
- Travis Shaw
- Paul Le Bane
- Travis Shaw
Province of Ontario: Ontario's 2020 Fiscal Update
The Province of Ontario (Ontario or the Province) released a fiscal update yesterday in lieu of its customary spring budget as it grapples with the growing public health crisis and a severe contraction in economic activity. In recognition of the significant challenges facing the Province, the legislature passed the Economic and Fiscal Update Act, 2020 within hours of its introduction.
- Paul Le Bane
- Travis Shaw
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