OTFT issuances are highly rated benefitting from the full, unconditional and irrevocable guarantee by Ontario Teachers'.

Major factors supporting the rating of Ontario Teachers' include:

  • Consistently high investment returns
  • Sophisticated risk culture across the organization
  • Robust liquidity ensuring strong coverage by high-quality liquid assets
  • Innovative pension funding levers, including flexible inflation protection mechanism
  • Strong legislative and governance frameworks
  • Independence from sponsors
  Long-term Rating Outlook Short-term Rating
Moody's Aaa Negative P-1
Standard & Poor's AA+ Stable A-1+
DBRS AAA Stable R-1(High)
Links to rating reports: