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05 APR 2023
Moody's assigns SQS2 sustainability quality score (very good) to the Bank of Nova Scotia
04 APR 2024
Moody's assignsan SQS2 sustainability quality score (very good) to the Bank of Montreal's
06 Nov 2023
Moody's assigns B2 rating to Bombardier's new senior unsecured notes
10 Oct 2023
Moody's assigns first-time issuer rating of Aaa to British Columbia Investment Management Corporation; outlook stable
04 Oct 2023
Moody's assigns definitive ratings to West Edmonton Mall Property Inc. senior secured mortgage bonds
03 Oct 2023
Moody's upgrades Air Canada's CFR to Ba2; outlook stable
05 APR 2023
Moody's assigns SQS2 sustainability quality score (very good) to the Bank of Nova Scotia
04 APR 2024
Moody's assignsan SQS2 sustainability quality score (very good) to the Bank of Montreal's
06 Nov 2023
Moody's assigns B2 rating to Bombardier's new senior unsecured notes
10 Oct 2023
Moody's assigns first-time issuer rating of Aaa to British Columbia Investment Management Corporation; outlook stable
04 Oct 2023
Moody's assigns definitive ratings to West Edmonton Mall Property Inc. senior secured mortgage bonds
03 Oct 2023
Moody's upgrades Air Canada's CFR to Ba2; outlook stable
Moody’s Ratings in Canada
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Moody’s Ratings is a leading global provider of credit ratings, research, and risk analysis. A rating from Moody’s Ratings may enable Canadian issuers to create timely, go-to-market debt strategies with the ability to capture wider investor focus and provides investors with a comprehensive view of global and local debt markets through our credit ratings and research. Moody’s Ratings trusted insights can help decision-makers in Canada to navigate through turmoil and market volatility.
Moody's Investors Service in Canda
MOODY’S RATINGS IN CANADA BY THE NUMBERS
C$

3.9

tn

Total rated Canadian debt¹

40

+

Toronto-based Analysts

1,400

+

Total Canada related publications²

360

+

Rated Canadian issuers

1. Moody’s Ratings and Dealogic, as of 23 February 2024.
2. Moody’s Ratings, last 12 months as of to 23 February 2024.

Moody’s Ratings has coverage in a variety of sectors

Financial Institutions Group

  • Banks
  • Insurance
  • Asset Managers
  • Finance Captive
  • Securities and Exchanges

Corporate Finance Group

  • Media and Telecommunications
  • Oil and Gas
  • Metals and Mining
  • Transportation
  • Paper and Forest Products
  • Business and Consumer Service
  • Aerospace/Defense
  • Automotives
  • Chemicals
  • Construction & Homebuilding

Public Financial Groups

  • Provinces
  • Regional and Local Governments
  • Sovereign
  • Hospitals
  • Universities

Structured Finance Group

  • Asset-Backed Securities
  • Asset-Backed Commercial Paper
  • Residential Mortgage-Backed Securities
  • Commercial Mortgage-Backed Securities
  • Covered Bonds

Infrastructure and Project Finance

  • Power and Gas Utilities and Pipelines
  • Transmission and Distribution
  • Ports
  • Airports
  • Toll Roads

To learn more about our rated issuers, click here.

Publication highlights

January 11, 2024

Regional Governments: 2024 Outlook – Stable as revenue growth balanced by debt issuance and higher rates

Our outlook for Canadian provinces' credit conditions in 2024 is stable. Although economic growth will be weak, it will support provincial revenue growth and allow provinces to continue to move toward balanced budgets. However, high debt issuance and interest rates will counterbalance these positive credit developments.
June 8, 2023

Provinces well positioned to face obstacles of 2023

The majority of Canadian provinces project either balanced budgets or small deficits for the fiscal year ending 31 March 2024. These planned fiscal outcomes provide the provinces fiscal shock absorption capacity should the fiscal year be more challenging than they forecast and are broadly aligned with the factors that support our stable provincial sector outlook for 2023.
March 29, 2023

Banks – Macro profile: Strong +

Banks in Canada (Aaa stable) benefit from operating in an environment with a high level of economic strength, a very high level of institutional strength and a low susceptibility to event risk. We expect the sovereign's credit profile to be stable, despite relatively high general government debt. While there was a deterioration in the government's fiscal position from the pandemic, we expect fiscal sustainability to remain in place.

Past events

In-person
November 15, 2023

Financial Institutions Briefing - Toronto

In-person
July 12, 2023

2023 Canadian Infrastructure Briefing - Montreal

In-person
July 11, 2023

2023 Canadian Infrastructure Briefing – Toronto

Webinar
June 23, 2023

Credit trends as Canada and the provinces navigate a slowing economy

Webinar
January 31, 2023

Moody’s Ratings 2023 Canadian Structured Finance Briefing

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Frank.Mbala@moodys.com
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Jen.Tse@moodys.com
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Dana Hankin
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US & Canada Project Finance
Dana.Hankin@moodys.com
+1.212.553.2993

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Moody’s Ratings is committed to providing accessible customer service to our clients with disabilities in a way that respect their dignity and independence. Our objective is to comply with the customer service requirements of the Accessibility for Ontarians with Disabilities Act, 2005.
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