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.
MHA says new long term care centre in Stephenville Crossing is needed
Corner Brook Pulp and Paper's five year forestry plan gets government go ahead
MUN pilot project will see more internationally trained engineering students get license in NL
Kruger's VP says work to begin soon on $700M retrofit at Corner Brook Pulp and Paper
Tender issued to build 20 new NLHC apartments in Corner Brook
