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Canada is forecast to be one of the few countries to keep its illustrious AAA credit rating in the coming years, as ratings agencies get set to start kicking out members from the exclusive club.

This outlook came from Citigroup economists on Thursday, which praised Canada for its political and economic stability, qualities they said will likely keep ratings firms like Standard & Poor’s enamoured with the country.

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Canada is just one of 12 countries which currently maintain a AAA rating from all three major credit agencies. The United States was part of that exclusive group until last August, when S&P surprised markets with a one notch downgrade to AA.

Michael Gregory, senior economist at BMO Capital Markets, said that the recent Federal budget and those of the provinces show investors that Canadian governments are serious about fiscal responsibility.

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“When you think about Canada maintaining its AAA, well, we will have surpluses, we will have balanced budgets across the board, even in Ontario, in the years ahead,” he said. “Investors are also interested in the question of whether there is a political desire to keep budgets balanced over time. For Canada, I think the answer is yes.”