Canadian Tire

Credit Ratings

Credit Ratings

A credit rating generally provides an indication of the risk that the borrower will not fulfill its full obligations in a timely manner with respect to both interest and principal commitments. Long-term ratings are provided by DBRS Limited (“Morningstar DBRS”) and S&P Global Ratings ("S&P"). Ratings for long-term debt instruments range from highest credit quality (generally “AAA”) to default in payment (generally “D”). Ratings for short-term debt instruments range from "A-1+" (S&P), "P-1" (Moody’s), or "F1+" (Fitch), representing the highest credit quality to "D" (Morningstar DBRS), "C" (S&P and Fitch), and "not prime" (Moody’s) for the lowest quality of securities rated.

Canadian Tire Corporation

CREDIT RATINGS
Morningstar DBRS
S&P
Moody's 
 RatingTrendRatingOutlookRatingOutlook
Issuer rating
BBBStableBBBStable--
Medium-term notes BBBStableBBB---
U.S. commercial paper--A-2-P-2-
Last confirmed
Q2 2024Q1 2025Q1 2025

CT REIT

CREDIT RATINGSMorningstar DBRS 


RatingTrend

Issuer ratingBBB  Stable

Senior unsecured debentures rating BBB  Stable

Last confirmed
Q2 2024

Glacier Credit Card Trust

Glacier is a special purpose entity whose sole purpose is to purchase undivided co-ownership interests in a revolving pool of credit card receivables owing under selected Canadian Tire-branded Mastercard credit card accounts and Canadian Tire credit card accounts and to provide income to the beneficiary of the trust

Outstanding Series of Notes