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BRIEF-S&P Says Canada 'AAA/A-1+' Ratings Affirmed; Outlook Remains Stable

Published 2018-11-27, 03:11 p/m
© Reuters.  BRIEF-S&P Says Canada 'AAA/A-1+' Ratings Affirmed; Outlook Remains Stable
SPGI
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Nov 27 (Reuters) - S&P Global (NYSE:SPGI) Ratings:

* S&P SAYS CANADA 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK REMAINS STABLE

* S&P ON CANADA SAYS STABLE OUTLOOK REFLECTS EXPECTATION OF MODERATE GDP GROWTH, PRUDENT FISCAL STANCE, AND A GRADUALLY COOLING HOUSING MARKET

* S&P SAYS HIGH WEALTH, ECONOMIC RESILIENCE, AMPLE FISCAL AND MONETARY BUFFERS SHOULD ENABLE CANADA TO ADJUST TO CHANGING GLOBAL ECONOMIC CONDITIONS

* S&P ON CANADA SAYS CROSS-BORDER PRODUCTION CHAINS AND INVESTMENT SHOULD REMAIN LARGELY INTACT, REGARDLESS OF DEVELOPMENTS RELATED TO PROPOSED USMCA

* S&P SAYS SMALL TOTAL DEFICITS AND LARGE GENERAL GOVERNMENT LIQUID ASSETS WILL KEEP CANADA'S NET GENERAL GOVERNMENT DEBT BURDEN FAIRLY LOW

* S&P SAYS CANADA MAINTAINS A STRONG EXTERNAL POSITION, WHICH COULD HELP SOFTEN THE IMPACT OF POTENTIAL DOMESTIC SHOCKS

* S&P, ON CANADA, SAYS EXPECTS PROVINCIAL HOUSING POLICIES, RISING INTEREST RATES TO WORK IN UNISON TO EASE TORONTO, VANCOUVER HOUSING MARKETS IMBALANCES

* S&P ON CANADA SAYS ANNOUNCEMENT BY GM TO NOT ALLOCATE ANY PRODUCTION TO ONTARIO-BASED OSHAWA PLANT IN 2019 TO PARTLY WEIGH ON GROWTH PROSPECTS Source (https://

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