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.
Terminal and roadway expansion coming to the Deer Lake Regional Airport, construction to start in 2027
Big pizza franchise from Ontario looking for commercial space in Corner Brook
Meet RCMP Constable-for-a-Day Conor Matthews
Impaired driver caught Tuesday morning in Stephenville
Vine Place offering help in advance of a big job fair in Corner Brook tomorrow
