Province gets A+ credit rating

Our province’s credit rating has just jumped to its highest-ever position: A-plus. This was announced yesterday by a bond-rating agency with a great name: Standard and Poor’s Rating Services. They say our new grade is due to our improved economic standing, declining debt burden and strong liquidity position. They also note the impact oil, nickel and Lower Churchill power developments will likely have on our local job market. It’s like we all just got a big gold star on our report card. This credit rating is better than gold stars though, it is a key factor in our province’s ability to borrow at favourable interest rates and attract investment in bonds.

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