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Green Bonds

Credit quality

Québec's Green Bonds have the same characteristics as conventional bonds in terms of price, yield, maturity and credit ratings are concerned.

Green Bonds constitute valid bonds of Québec and rank pari passu with each other and with all other debt issued by Québec.

Holders of these bonds do not assume any project-related risks.

Québec's credit ratings
Agency Rating Outlook
Moody's Aa2 Stable
Standard and Poor's (S&P) AA– Stable
Fitch Ratings (Fitch) AA– Stable
DBRS AA (low) Positive
Japan Credit Rating Agency (JCR) AA+ Stable
China Chengxin International (CCXI) AAA Stable