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.
RCMP looking for missing Deer Lake man 68-year-old Perry Green
Corner Brook RNC arrest an impaired driver who fled from police and struck three parked vehicles
Waterline flushing underway for two weeks in the Curling and Mount Moriah areas
Corner Brook's little red street train, the Mill Whistler, should be back in operation soon
Comments welcomed on NL's 10-year Poverty Reduction and Prevention Strategy
