NL receives improved credit rating

The province has an improved credit rating.

DBRS Morningstar has upgraded the Provincial Government’s long-term debt to A from A (low), and changed the trend on all long-term ratings to stable.

This is the first time in 12 years that the province has received an upgraded credit rating.

The rating upgrade reflects Newfoundland and Labrador’s improving fiscal outlook, along with the commissioning and operations of the Muskrat Falls Project.