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Ontario ratings matter more than Canada's, fund manager says


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Despite debt risk, Montreal's credit rating is stable — for now


Article content
One of Montreal’s greatest strengths in managing its finances is that the province is always willing to bail it out.
That bit of irony is highlighted in the reports of all major credit rating agencies, whose opinions on Montreal’s debt risk directly influence the interest rate that lenders will charge the city on the billions of dollars it borrows for its ambitious infrastructure projects. The agencies also consider the strong Quebec economy, the city’s willingness to cut costs when necessary and the city’s reliance on property taxes as a stable revenue source as its other strengths. ....

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