The rating agency Japan Credit Rating (JCR) raised Quebec’s credit rating from “AA+” to “AAA”, a level that the province had never before reached with this agency.
The “solidity” of the Quebec economy would have allowed “a strong recovery and a lowering of the debt burden compared to the level before the pandemic”.
“Thanks to this resilience, Quebec can benefit from the best credit quality available from JCR,” he said on Friday in a press release from the office of the Quebec Minister of Finance.
The province has had a credit rating from this Japanese agency since 1997. It has been at the “AA+” level since 2005.
Quebec’s credit rating has also been confirmed with a “stable outlook” by Moody’s, Standard & Poor’s, Fitch Ratings and DBRS Morningstar in recent weeks.
