Province has an improved credit rating

The province has an improved credit rating.

Moody’s, S&P Global and DBRS Morningstar have confirmed a stable outlook for the provincial government’s credit rating.

This rating was based on an independent assessment of the credit worthiness of the Government of Newfoundland and Labrador. It takes into account the short-term debt, long-term debt, and an outlook for the long-term debt rating.

The rating of A1 indicates a stable outlook. The outlook was upgraded from negative to stable in July 2022.