Credit Rating of Canada
If you are interested in starting a business in Canada and need assistance, our company formation consultants can help you.
We also invite you to watch a video on the credit rating of Canada:
An overview of the Canadian economy
Canada is one of the richest countries in the world which is why the number of investors setting up businesses here increases constantly. With the 10th largest Gross Domestic Product in the world and an oil and gas industry which supports it, Canada is also one of the greatest economies contributing to the global economy. Canada also relies on industries like manufacturing, forestry, and agriculture.
Canada is also commended by credit rating agencies like Fitch, Standard and Poor’s and Moody’s for developments in other sectors like foreign policies, fiscal measures, and economic stability which are very important when assessing a country’s credit rating.
Our Canadian company formation agents can offer information on the most developed industries in the country and can also explain the taxation system.
What ratings has Canada received over the years?
There is no recipe for countries to be rated at certain periods of time, but given the economic stability Canada relies on, it was rated at least once a year by the above-mentioned credit rating agencies. The latest credit ratings received by Canada are:
- Aaa with a stable outlook from Moody’s at the end of October 2017;
- AAA with a stable outlook from Fitch at the end of October 2017;
- AAA from Standard and Poor’s with a stable outlook, however, this rating was issued a few years back.
Another agency to rate Canada was DBRS which also issued the AAA credit rating, making Canada one of the few countries in the world to receive the highest ratings.
Foreign investors who want to establish companies here can contact our company registration consultants in Canada for assistance. You can also rely on us for more information on the legislation related to foreign investments.