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.
Deer Lake RCMP looking to arrest Bradley Adams, who may be in the St. John's area
"Bumps in the road" expected when Corner Brook rolls out new garbage collection program on Monday
Career workshop for women at Vine Place Community Centre in Corner Brook next week
Western Driving School's donation provides for 400 breakfasts at two west coast schools
Final change orders on Mount Bernard Reconstruction project tally more than $1.2 million
