DBRS Confirms Société de transport de Montréal at A (high) and R-1 (low)

DBRS has today confirmed the long- and short-term ratings of the Société de transport de Montréal (STM) at A (high) and R-1 (low), respectively, reflecting the recent confirmation of the City of Montréal (the City, rated A (high) by DBRS). The trends remain Stable. Along with the 15 other municipalities on the island of Montréal, the City fully guarantees all debt, obligations and commitments of STM under the Public Transit Authorities Act.

Notes:
DBRS’s ratings on Société de Transport de Montréal are primarily based on the credit profile of the guarantors. The applicable methodology is Rating Canadian Municipal Governments, which can be found on our website under Methodologies.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating did not include issuer participation and is based solely on publicly available information.