Credit Rating Report

Ontario, Province of: Credit Rating Report

Sub-Sovereign Governments, Utilities & Independent Power

Summary

On June 6, 2025, we confirmed the Issuer Rating and the Long-Term Debt rating of the Province of Ontario (Ontario or the Province) at AA, as well as the Province's Short- Term Debt rating and U.S. Commercial Paper rating at R-1 (high). We also confirmed the Ontario Electricity Financial Corporation's Long-Term Obligations rating at AA (based on the Province's credit rating). The trends on all credit ratings are Stable.

Available Documents