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Prospect News home > News index > List of issuers O > Headlines for Ontario School Boards Financing Corp > News item |
Moody's cuts seven Canadian issuers
Moody's Investors Service said that in conjunction with the downgrade of the Province of Ontario's ratings to Aa2 with a stable outlook from Aa1 with a negative outlook, the agency also revised the ratings for seven linked issuers:
• City of North Bay - debt rating changed to Aa2, stable from Aa1, negative;
• The Hospital for Sick Children - debt rating changed to Aa2, stable from Aa1, negative;
• 55 School Board Trust - debt rating changed to Aa2, stable from Aa1, negative;
• Ontario School Boards Financing Corp. - debt rating changed to Aa3, stable from Aa2, negative;
• Ontario Infrastructure and Lands Corp. - debt rating changed to Aa2, stable from Aa1, negative;
• University of Ottawa - debt rating changed to Aa2, stable from Aa1, negative; and
• University of Toronto - debt and issuer ratings changed to Aa2, stable from Aa1, negative.
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