Ontario, Province of: Credit Rating Report

On December 5, 2024, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating and the Long-Term Debt rating of the Province of Ontario (the Province) at AA, as well as the Province's Short-Term Debt rating and U.S. Commercial Paper rating at R-1 (high). Morningstar DBRS also confirmed the Ontario Electricity Financial Corporation's Long-Term Obligations rating at AA (based on the Province's rating). The trends on all ratings are Stable.