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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.
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