The provincial government has announced that two more credit rating agencies have confirmed a stable outlook for the province’s credit rating.

On Wednesday, DBRS Morningstar confirmed the province’s debt ratings as low.

Now similarly positive outlooks have been released from Moody’s, and S&P Global. Both agencies upgraded the provincial rating from negative to stable in July.

The province says the ratings from all three agencies indicate that the province’s debt continues to be regarded as “investment grade.”

Finance Minister Siobhan Coady calls this welcome news for the province, noting that it shows the confidence they have that the province’s fiscal situation is starting to improve.