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.
Good news today for the province’s 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, and demonstrates that our financial situation is moving in the right direction. The ratings upgrade reflects Newfoundland and Labrador's improving fiscal outlook, along with the commissioning and operations of the Muskrat Falls Project. Finance Minister Siobhan Coady says factors included rate mitigation, a much improved fiscal outlook, and an expected improvement in real GDP growth in 2023 - unlike the rest of Canada - primarily because of increased mineral production and higher capital investment.
Water being shut off twice a day in Hughes Brook as dam levels drop critically low
New Corner Brook council wrapping up orientation, meeting with MP in a couple of weeks
Haunted Hound House in Corner Brook this Thursday
Cableway from shore to a stranded container ship under construction in Lark Harbour
Corner Brook Doctors gearing up for another Uganda mission, this time bringing soccer jerseys and balls to kids
