A credit rating helps measure the ability of a borrower, such as the Québec government, to pay interest on its debt and repay the principal at maturity.
A high credit rating means access to a broader pool of investors and advantageous borrowing costs.
Québec’s credit rating is evaluated by five credit rating agencies.
| Credit rating agency | Credit rating | Outlook |
|---|
| Moody’s | Aa2 | Stable |
| S&P Global | A+ | Stable |
| Fitch Ratings | AA– | Stable |
| Morningstar DBRS | AA (low) | Stable |
| Japan Credit Rating Agency (JCR) | AAA | Stable |
Québec’s credit ratings as at March 6, 2026.