The Dominion Bond Rating Service (DBRS) today affirmed Saskatchewan鈥檚 AA credit rating, unchanged since 2009, and keeping the province鈥檚 overall credit rating at the second-highest among all provinces, when all three rating agencies are considered.
鈥淚t鈥檚 positive to see our strong rating with DBRS affirmed,鈥� Finance Minister Donna Harpauer said.聽 鈥淲e鈥檙e achieving the right balance in Saskatchewan, by carefully managing spending, keeping our economy strong and investing in priorities for Saskatchewan people.聽 We have a balanced budget projected for 2019-20, our economy is strengthening and we鈥檝e had 10 consecutive months of job growth.聽 There鈥檚 always more to do, but we鈥檙e heading in the right direction.鈥�
In its rating report DBRS states: 鈥淭he province鈥檚 budget was challenged by the commodity price downturn in 2015, but the economic and fiscal recovery are now underway.鈥�
DBRS goes on to state that 鈥淢ost significantly, Saskatchewan fulfilled its three-year commitment to balance the 2019 budget following the plan that was laid out in the 2017 budget.聽 Saskatchewan鈥檚 commitment to prudent fiscal policy, along with the pace of fiscal consolidation, stands out among provinces.鈥�
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鈥檚, Standard and Poor鈥檚 and Dominion Bond Rating Services) are considered.
.JPG;w=120;h=80;mode=crop)
