Credit Ratings

A credit rating is an evaluation of a borrower’s ability to pay interest and to repay principal. A credit rating affects the borrower’s debt servicing costs and the investor’s rate of return since an investor will demand a higher interest rate on a more risky, lower-rated security.


Standard and Poor’s

Long Term:  AAA
Short Term:  A-1+
Outlook:  Stable


Moody's Investors Service

Long Term:  Aaa
Short Term:  P-1
Outlook:  Stable


Dominion Bond Rating Service

Long Term:  AA (high)
Short Term:  R-1 (high)
Outlook:  Stable


Fitch Ratings

Long Term:  AAA
Short Term:  F1+
Outlook:  Stable