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.
Government makes a $7M pre-budget announcement to help volunteer firefighters and emergency preparedness
Government commits to AG's recommendations on fraud and emergency plans
Corner Brook looks for organizations to help offer a free swim session at the Marina Redmond Centre
More recycling tips from Western Regional Waste Management on Bayfm's Trash Talk
One driver with minor injuries after two-vehicle collision closes Northern Peninsula Highway Wednesday night
