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Article: CANADA: MOODY'S ISSUES ANNUAL REPORT ON PROVINCE OF QUEBEC.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- February 14, 2008
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In its annual report on the Province of Quebec, Moody's Investors Service says that the province's Aa2 debt rating and stable outlook is supported by an improved fiscal framework, balanced by a relatively high debt burden. The rating also takes into account Quebec's large and diverse economic base. "Quebec has maintained a balanced position or incurred only minor deficits for nearly ten years" says Moody's Vice-President Debra Roane, lead analyst for Quebec and author of the report. Following a narrowly balanced position in 2005-06, Quebec's financial performance improved in 2006-07 with the achievement of a surplus (before transfers and including the Generations ...