Moody’s Confirms Saskatchewan’s Aaa Credit Rating

Moody’s Confirms Saskatchewan’s Aaa Credit Rating

Released on September 12, 2017

wall ckom

Moody’s Report States Saskatchewan’s Debt Burden Lowest Among Canadian Provinces

Moody’s Investors Service has confirmed Saskatchewan’s Aaa credit rating, the agency’s highest rating for Canadian provinces.

In its credit opinion update, Moody’s states, “Saskatchewan’s Aaa rating benefits from very strong debt affordability… Saskatchewan’s fiscal planning is supported by comprehensive and transparent financial reporting,” and also commends the province for multi-year fiscal planning.

“Saskatchewan received its first ever Aaa credit rating from Moody’s under our government in 2014,” Finance Minister Donna Harpauer said.  “And Moody’s has confirmed that Aaa rating today.  Some difficult choices had to be made this year as part of our three-year plan to get back to balance, but these decisions were necessary to keep our finances and our province strong.”

Only two provinces in Canada enjoy a Aaa rating from Moody’s, British Columbia and Saskatchewan. Alberta used to be one of three provinces in the country with a Aaa rating but was recently downgraded.

Saskatchewan continues to have the second-highest overall credit rating among provinces behind only British Columbia, when the ratings of the three major agencies (Moody’s, Standard and Poor’s and DBRS) are considered.

“Saskatchewan’s economy is performing well so far, and for the first time in two years is projected to post positive growth,” Harpauer said.  “We will continue to work very hard as a government keep our economy growing because a growing economy benefits all people in Saskatchewan.”

-30-

For more information, contact:

Jeff Welke
Finance
Regina
Phone: 306-787-6046
Email: jeff.welke@gov.sk.ca
Cell: 306-536-1185

 

 

 

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on September 12, 2017, in economic impact, political. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: