A bit of positive news for the province’s fiscal situation today with an upgraded credit rating from DBRS Morning Star.

The agency has changed the province’s issuer and long-term debt ratings from negative to stable, with a rating of A (low).

They cite the “improving economic and fiscal environment” and the agreement-in-principle with the federal government for rate mitigation as factors in the improved credit rating.

Premier Andrew Furey reacted to the news on social media, saying the improved rating is a sign that government’s work is paying off.