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  • NL Credit Rating Upgraded to ‘Stable’

    The provincial government says another bond rating service has upgraded government’s financial outlook from negative to stable.

    In a release issued today, Finance Minister Cathy Bennett says S&P has affirmed the province’s credit ratings at A for the long-term, and A-1 for the short-term.

    The Dominion Bond Rating Service has also confirmed the province’s credit ratings at A (low) for the long-term and R-1 (low) for the short-term with a “stable” outlook.

    Bennett says she’s pleased and indicates it’s all due to ongoing government efforts to tackle debt growth.

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