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.
Two people charged after breaking into a Corner Brook home and using a weapon to assault the resident
St. John's man charged with murder after suspicious death in the capital city
Corner Brook RNC launch new dedicated traffic unit at a checkpoint in Meadows this morning
Western Regional Waste Management gets big uptake in people using new app for sorting trash
Integrated Youth Services Hub opening next year in Corner Brook, will be operated out of Vine Place Community centre
