If three credit\u002Drating agencies are correct, the province will be reporting better results as the year goes on, same as in the past 2 years.
“The negative outlook reflects a one-in-three chance that we could lower the ratings in the next two years if, in our view, the province’s commitment to fiscal consolidation continues to waver as reflected by large after-capital deficits, increasing debt and very low levels of internal liquidity.”
Earlier this month, Premier David Eby told an online public meeting that for all their spending and borrowing, the New Democrats have so far sustained “the best credit rating in Canada.” “We continue to have the highest credit ratings out of the provinces when you look at credit ratings from all four credit rating agencies,” said Conroy. “Given the recent affirmation from Fitch at AA+ stable, the current triple-A rating from Moody’s and AA from DBRS, we do not expect the S&P rating action to impact our access to capital to finance the province’s essential services and capital projects.
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