The Ontario Municipal Employees Retirement System, one of the largest pension plans in Canada, has obtained an enterprise or counterparty credit rating of AAA, from both Standard & Poor’s and Dominion Bond Rating Service Ltd. The AAA is the highest rating category assigned by the rating agencies.

OMERS says theAAA rating will enable itto more effectively negotiate terms reflective of its true, absolute and relative credit standing.

“We’re pleased that the credit rating agencies have recognized OMERS long history of success. Good governance and solid management and investment practices have resulted in 40 years of consistently generating the returns needed to pay secure pensions to our members. This high credit rating will allow us to take advantage of preferred rates and expanded business opportunities for the fund”, noted OMERS President and CEO Dale Richmond.