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.
Gas up by 12.4 cents, diesel 26.7 cents in extraordinary adjustment
Driver in hospital and two people injured after car crashes through Hew and Draw
Close to 62 percent of people diagnosed with dementia are women
Camber Arts students perform "The Prom" at the Arts and Culture Center, complete with 12 piece band
Vehicle crashes through front of Hew & Draw hotel
