A credit rating is a current assessment of the creditworthiness of a
borrower with respect to a specified obligation. It indicates the
capacity and willingness of a borrower to pay interest and principal
in a timely manner.
The Province of Ontario's current ratings are as follows:
|Standard & Poor's
|Moody's Investors Service
assigned an outlook indicating the likely direction of an issuer's
rating over the intermediate term, typically ranging from 6 months
to 2 years. The outlook is denoted (P) for Positive Outlook, (N) for
Negative Outlook or (D) for Developing Outlook. No identifier is
attached to the rating if the outlook is Stable.
are for debt
maturities of less than one year. Ratings are graded into several
categories, ranging from the highest-quality obligations to default.