Bond-rating agency Moody’s has joined with D-B-R-S to reaffirm Prince Edward Island’s rating as stable, saying it reflects strong debt management practices.
In a report released this week, Moody’s says P-E-I’s balanced 2017-18 operating budget and good fiscal performance are helping to reduce its debt levels.
Moody’s says it could upgrade the province’s ratings if it continues to reduce its debt.
One other bond-rating agency, Standard & Poor’s, will release its rating in the coming weeks