Quebec Avoids a Second Haircut

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The Legault government can blow a bit: unlike Standard & Poor, DBRS maintains Quebec's credit rating.

Le Charlevoisien

lechodelarivenord.ca

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lechodelarivenord.ca

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Ownership

On Tuesday, the Toronto firm reiterated its A.A. rating with a stable outlook, indicating that the agency considered that the risk on Quebec's long-term debt was low. The decision came almost two months after Standard & Poors (S&P) decided to lower its rating on Quebec's debt, a first since 1993, when Robert Bourassa was Prime Minister. S&P had lowered its A.A. rating to A+ with a stable perspective.