Montreal's credit rating revised upwards

The S agency.

Montreal's credit rating revised upwards

The S agency

It joins the same level of rating as that which the City already held with the Moody's agency.

“It is major and it is an unprecedented mark of trust granted to us by the agency S

She added that she wanted to continue on her path, by focusing on the affordability of the metropolis, urban safety and environmental resilience.

According to Dominique Ollivier, president of the executive committee of the City of Montreal and responsible for finances, the municipal administration has “controlled” the expenses of the City and supported the merchants, “without compromising” its financial health.

“Unprecedented mobilization has enabled us to contribute to the revival of the various sectors of activity in the metropolis, while continuing to make the investments necessary to prepare for the future,” she underlined.


President and CEO, Chamber of Commerce of Metropolitan Montreal (CCMM), Michel Leblanc also sees the announcement in a positive light.

“The important decision of S

On the side of the official opposition, Alain DeSousa, critic for finance, indicated that he will be “attentive” to the complete annual report of the firm, which will be published in August.

However, he says he has found that the analysis grid on municipal credit ratings now takes into account “greater confidence in the intervention of higher governments in times of crisis”.

“This new rating does not qualify the management of the city, but the solidity of the institutional environment in which it evolves. The good management of a city must be based on its autonomy and not its ability to rely systematically on higher levels of government,” he said.