On July 23, 2021, DBRS Limited (DBRS Morningstar) confirmed the rating of the Senior Secured Bonds (the Bonds) issued by The MaRS Development Trust at A (high) with a Stable trend, following the rating confirmation of the University Health Network (UHN; rated AA (low) with a Stable trend by DBRS Morningstar; see the July 23, 2021, DBRS Morningstar press release for UHN).
On March 22, 2021, the Province of Ontario (Ontario or the Province; rated AA (low) with a Stable trend by DBRS Morningstar) announced, and reiterated in its 2021 budget, temporary funding support for public hospitals to offset ongoing financial pressures from the Coronavirus Disease (COVID-19) pandemic amounting to more than $1.2 billion.
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