S&P affirms Quebec

Standard & Poor's said it affirmed its ratings, including its A+ long-term issuer credit rating, on the Province of Quebec.

At the same time, S&P said it affirmed its A+ senior unsecured debt rating on Financement Quebec and Hydro-Quebec. The outlook is stable.

"The affirmation reflects its view of the province's robust economic growth prospects in the next two years, adequate liquidity levels, support from the federal government, and commitment to debt reduction," said credit analyst Stephen Ogilvie.

The ratings on Quebec reflect its view of the province's ongoing economic recovery, the agency added.

© 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.