Canada 'AAA' Ratings Affirmed; Outlook Remains Stable

OVERVIEW Stable political institutions, predictable policymaking, and a highly resilient economy with strong monetary and fiscal flexibility underpin Canada's credit strengths. The country's vulnerabilities include rising household debt, which could pose asset quality problems in the financial system, and high dependence on the U.S. economy. We are affirming our ratings, including our 'AAA/A-1+' sovereign credit rating, on Canada. The stable outlook reflects our expectation of broad continuity in key economic policies. RATING ACTION On Nov. 2, 2016, S&P Global Ratings affirmed its ratings, including its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings, on Canada. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AAA' transfer and convertibility (T&C) assessment on the country. S&P Global Ratings

...OVERVIEW + Stable political institutions, predictable policymaking, and a highly resilient economy with strong monetary and fiscal flexibility underpin Canada's credit strengths. + The country's vulnerabilities include rising household debt, which could pose asset quality problems in the financial system, and high dependence on the U.S. economy. + We are affirming our ratings, including our '###/A-1+' sovereign credit rating, on Canada. + The stable outlook reflects our expectation of broad continuity in key economic policies. RATING ACTION On Nov. 2, 2016, S&P Global Ratings affirmed its ratings, including its '###' long-term and 'A-1+' short-term sovereign credit ratings, on Canada. The outlook is stable. At the same time, S&P Global Ratings affirmed its '###' transfer and convertibility (T&C) assessment on the country. S&P Global Ratings also affirmed its '###' long-term issue-level ratings on MILIT-AIR Inc.'s senior secured debt, and assigned an almost certain likelihood of support...

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