安融（香港）評級確認加拿大“AAA”長期外幣主權信用等級；展望:穩定
安融（香港）評級確認加拿大“AAA”長期外幣主權信用等級；展望:穩定
30 12 2024
2024年12月30日，中國香港。安融（香港）評級確認加拿大的長期外幣主權信用等級為“AAA”，展望為“穩定”。
評級結果肯定了加拿大經濟規模大且結構多元，經濟抗衝擊力很強；債務結構合理，暢通的融資通道、較低的利息負擔以及國際淨債權國地位為其對外償付提供保障；加拿大制度實力很強，政府效能高且司法體系完善，同時也關注了在加拿大央行快速加息和全球經濟增速放緩的背景下，加拿大經濟運行面臨內外部挑戰；財政赤字疊加經濟放緩對加拿大財政實力造成負面影響等風險要素。
關鍵評級觀點
優勢
加拿大經濟規模大且結構多元，經濟抗衝擊力很強；
債務結構合理，暢通的融資通道、較低的利息負擔以及國際淨債權國地位為其對外償付提供保障；
加拿大制度實力很強，政府效能高且司法體系完善。
關注
在加拿大央行快速加息和全球經濟增速放緩的背景下，加拿大經濟運行面臨內外部挑戰；
財政赤字疊加經濟放緩對加拿大財政實力造成負面影響。
評級展望
預計加拿大將保持通暢的融資通道，系統風險較低。綜合考慮，安融評級授予加拿大的信用評級展望為穩定。
注：
1、上述評級均為主動評級。
2、本文譯自英文版新聞稿。若有分歧，以英文版為准。
專案組組員
林芮礽，分析師
評審委員會主任
胡超
huchao@arrating.com
媒體聯繫
complaints@arrating.com
評級服務聯繫
林芮礽
相關信用評級委員會召開日期：2024年12月30日
若欲獲取進一步的資訊，敬請訪問www.arrating.com
相關的評級方法和模型
《主權信用評級方法和模型》（2024年11月28日）
免責條款
本次評級依據評級對象已經正式對外公佈的資訊，相關資訊的合法性、真實性、完整性、準確性和及時性由評級對象及其資訊發佈方負責。安融(香港)評級按照相關性、及時性、可靠性的原則對評級資訊進行了審慎分析，但對上述資訊的合法性、真實性、完整性、準確性和及時性不作任何保證。評級結果未考慮無法獲取的可能對信用等級有重要影響的非公開資料。
本報告對評級對象信用狀況的任何表述和判斷僅作為相關決策參考之用，並不意味著安融(香港)評級實質性建議任何使用者據本報告採取投資、借貸和交易等行為，也不能作為使用者購買、出售或持有相關金融產品的依據。在任何情況下，安融(香港)評級、安融(香港)評級董事、股東、雇員、代表不對任何投資者（包括機構投資者和個人投資者）使用本報告所表述的安融(香港)評級的分析結果而出現的任何損害、開支、費用或損失承擔任何責任，亦不對被評對象或其發行人使用本報告或將本報告提供給其他方所產生的任何後果承擔任何責任。
ARHK Affirms ‘AAA’ International Rating to Canada, Outlook Stable
30 December 2024
Hong Kong, December 30, 2024. ARHK has affirmed an international scale long-term issuer credit rating of ‘AAA’ to Canada, with a stable outlook.
The rating results confirm Canada’s large and diversified economic structure, providing strong resilience against external shocks. Its reasonable debt structure, efficient financing channels, low interest burden, and status as a net international creditor provide support to its external debt repayment capacity. Canada has strong institutional strength, high government efficiency, and a well-developed judicial system. However, the rating also highlights concerns regarding several risk factors. Canada’s economic performance faces internal and external challenges in the context of the Bank of Canada’s rapid interest rate hikes and the slowdown in global economic growth. Besides, the fiscal deficit, combined with the economic slowdown, exerts a negative influence on Canada’s fiscal strength.
KEY RATING PERSPECTIVES
Strengths
Canada has a large and diversified economic structure, providing strong resilience against external shocks.
Its reasonable debt structure, efficient financing channels, low interest burden, and status as a net international creditor provide support to its external debt repayment capacity.
Canada has strong institutional strength, high government efficiency, and a well-developed judicial system.
Weaknesses
Canada’s economic performance faces internal and external challenges in the context of the Bank of Canada’s rapid interest rate hikes and the slowdown in global economic growth.
The fiscal deficit, combined with the economic slowdown, exerts a negative influence on Canada’s fiscal strength.
RATING OUTLOOK
Canada is expected to maintain smooth access to financing channels with low systemic risk. Taking all factors into consideration, ARHK assigns a stable outlook to the credit rating of Canada.
NOTE:
1. The above ratings are all unsolicited credit ratings.
2. The Chinese version of this article is translated from the English version of the press release. In case of discrepancies, the English version shall prevail.
ANALYST CONTACTS
Analyst
Lam Yui Ying
Committee Chair
James Hu
Media Contact
Rating Services Contact
Lam Yui Ying
Date of Relevant Rating Committee: 30 December 2024
Additional information is available on www.arrating.com
Related Criteria
Sovereign Credit Rating Methods and Models (28 November 2024)
DISCLAIMER
This rating is based on information officially released to the public by the rated objects. The legality, authenticity, completeness, accuracy, and timeliness of the relevant information are the responsibility of the rated objects and its information publishers. ARHK has conducted a prudent analysis of the rating information based on the principles of relevance, timeliness, and reliability, but does not guarantee the legality, authenticity, completeness, accuracy, and timeliness of the above information. The rating results did not take into account non-public information that may have a significant impact on the credit rating and could not be obtained.
Any statements and judgments regarding the credit status of the rated objects in this report are only for reference in relevant decision-making and do not imply that ARHK substantively recommends any user to invest, borrow or lend money, and trade based on this report, nor can they be used as a basis for users to purchase, sell, or hold related financial products. Under no circumstances shall ARHK, as well as its directors, shareholders, employees, or representatives be liable for any damages, expenses, costs, or losses incurred by any investor (including institutional and individual investors) as a result of using the analysis results presented in this report, nor shall they be liable for any consequences arising from the use of this report by the rated objects or their issuers or providing this report to other parties.