A third bond rating agency has reaffirmed the province’s debt rating as stable.
Standard and Poor’s has joined Moody’s and DBRS in forecasting a stable outlook for the economy. The agency said that over the next two years the economy will experience stable growth, helping to sustain budget surpluses and reduce the need for borrowing.
Standard & Poors says it expects the budget to return to fiscal balance in 2018 and its debt levels to moderate in the next two years.