Fitch: Hydro-Quebec outlook still negative

Fitch Ratings said it affirms the following ratings for Hydro-Quebec: long-term issuer default rating at AA-; short-term issuer default rating at F1+; C$44.2 billion parity unsecured debentures and medium-term notes at AA-; and $3.5 billion or Canadian dollar-equivalent commercial paper program at F1+.

The outlook remains negative.

Hydro-Quebec's debentures are unconditionally guaranteed by the Province of Quebec, the agency noted.

The negative outlook reflects the negative outlook currently maintained by Fitch on the province.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.