REGINA — Moody's Investors Service, Morningstar DBRS (MDBRS) and S&P Global recently affirmed their credit ratings for Saskatchewan.
MDBRS maintains its AA (low) rating, Moody's maintains its Aa1 rating and S&P affirms its AA rating. All of the agencies assigned a stable outlook.
"We consider Saskatchewan's governance and management to be very strong," Moody's stated in its report.
"The province has committed to meaningful debt prioritization, including limiting future debt increases and building up its liquidity levels to better withstand and mitigate future negative shocks."
Saskatchewan's real gross domestic product (GDP) numbers at basic prices reached an all-time high of $80.5 billion in 2024, increasing by $2.6 billion, or 3.4 per cent. This ranks Saskatchewan second among provinces and above the national average of 1.6 per cent.
Saskatchewan also maintains the second-lowest net-debt-to-GDP ratio among the provinces.
