DBRS Morningstar has upgraded the Provincial Government’s long-term debt to A from A (low), and changed the trend on all long-term ratings to stable.
Good news today for the province’s credit rating. DBRS Morningstar has upgraded the Provincial Government’s long-term debt to A from A (low), and changed the trend on all long-term ratings to stable. This is the first time in 12 years that the province has received an upgraded credit rating, and demonstrates that our financial situation is moving in the right direction. The ratings upgrade reflects Newfoundland and Labrador's improving fiscal outlook, along with the commissioning and operations of the Muskrat Falls Project. Finance Minister Siobhan Coady says factors included rate mitigation, a much improved fiscal outlook, and an expected improvement in real GDP growth in 2023 - unlike the rest of Canada - primarily because of increased mineral production and higher capital investment.
No injuries reported after a house fire in Hughes Brook today
TCH now open near Little Harbour East after collision between a transport truck and a car
BOISAR called out Monday night to help stranded motorist 14kms in on Lady Slipper Road
Mayor says line painting in Corner Brook will take place when street cleaning is done
Qalipu First Nation hosting culinary event called "Mitji" in Corner Brook next week
