On August 2, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the City of Montréal at A (high) with Stable trends. DBRS Morningstar also confirmed Société de transport de Montréal's Long-Term Debt rating and Commercial Paper rating at A (high) and R-1 (low), respectively, with Stable trends.
DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the City of Calgary (Calgary or the City) at AA (high) and its Commercial Paper (CP) rating at R-1 (high). All trends are Stable. The ratings are supported by the City’s approach to fiscal management;, its relatively low debt burden, and its robust liquidity. However, Calgary's credit profile is vulnerable to volatility in the global energy markets. The Stable trends reflect DBRS Morningstar's view that the ...
On June 28, 2021, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the City of Montréal (Montréal or the City) at A (high) with Stable trends. The ratings are supported by the City’s prudent fiscal framework, large and well-diversified economic structure, relatively predictable revenues, and tight spending control.
On September 23, 2020 DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating of the City of Toronto at AA. Concurrently, DBRS Morningstar changed the name of the Debentures, Cdn Currency rating to Long-Term Debt, and confirmed the Long-Term Debt rating at AA. DBRS Morningstar also discontinued the Debentures, Frgn Currency rating to align with the rating nomenclature used for other Canadian municipalities. The trend on all ratings is Stable.
On June 16, 2020, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the City of Calgary (Calgary or the City) at AA (high) and its Commercial Paper (CP) rating at R-1 (high). All trends are Stable. The ratings are supported by the City’s responsible approach to fiscal management; relatively low, albeit rising, debt burden; and robust liquidity. However, ongoing weakness in the global energy market will likely present challenges over the medium term. The S...
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