DBRS Confirms Société de Transport de Montréal at A (high) and R-1 (low)

DBRS has today confirmed the long- and short-term ratings of the Société de transport de Montréal (STM) at A (high) and R-1 (low), respectively, reflecting the recent confirmation of the City of Montréal (the City, rated A (high) by DBRS). The trends remain Stable. Along with the 15 other municipalities on the island of Montréal, the City fully guarantees all debt, obligations and commitments of STM under the Public Transit Authorities Act.

Notes:
All figures are in Canadian dollars unless otherwise noted.

DBRS’s ratings on Société de Transport de Montréal are primarily based on the credit profile of the guarantors. The applicable methodology is Rating Canadian Municipal Governments, which can be found on our website under Methodologies.

This rating did not include issuer participation and is based solely on publicly available information.