Federal and provincial governments across Canada have been recording budget deficits for several years, which is raising concerns around their financial capacity in a time of heightened uncertainty.

Deficits and debt can get very political with opposition parties often attacking governments on their management of public finances. However, the financial market tends to look at government finances through a different lens and focuses on the ability to repay debt obligations. Credit rating agencies play an important role in this ecosystem by rating issuers.

To learn more about how credit rating agencies look at current financial situation of governments in Canada, StrategyCorp welcomed on the podcast Travis Shaw, Morningstar DBRS' Senior Vice President & Sector Lead for Global Sovereign Ratings.