toronto fireworks

S&P Global reaffirms Toronto’s AA credit rating

eAwaz Local News

S&P Global, an international credit rating agency, has reaffirmed the City of Toronto’s AA credit rating with a positive outlook. Toronto – In reaffirming the City’s credit rating, S&P Global cited Toronto’s deep and diversified economy, and Council and senior leadership’s prudent financial management as the foundation of the City’s credit strength. This is the City’s second credit rating affirmation …

Toronto strategic capital projects

Funding strategic capital projects

eAwaz Local News

Toronto  – City of Toronto issued its second debenture in 2022 for $365 million to help finance key capital projects 7. This debenture issuance has an all-in cost of 4.354 per cent. This conventional bond issue, with a 30-year maturity and a coupon interest rate of 4.30 per cent, will mature on June 1, 2052. It was issued on May …

Competition Bureau

Competition Bureau reaches agreement with S&P Global 

eAwaz Lifestyle

GATINEAU – The Competition Bureau announced that it has reached an agreement with S&P Global Inc. to resolve competition concerns related to its proposed acquisition of IHS Markit Ltd (IHSM). In Canada, both companies operate price reporting agencies that supply price assessments for certain commodities, such as oil, coal and liquified petroleum gases like propane. These assessments – which determine market …