Moody’s Reaffirms BC’s Triple AAA Credit Rating
Prince George, B.C. – Positive news on the economic front in B.C.
This as Moody’s Investors Service has reaffirmed BC’s AAA credit rating and upgraded the province’s outlook from negative to stable.
The agency gave B.C. high grades for its forecast of another balanced budget and says the rating reflects B.C.’s high debt affordability, strong fiscal management and fiscal flexibility.
“The stable outlook on the Province of British Columbia’s ratings reflects our opinion that the province has presented a credible plan of consistent balanced budgets with little risk that the debt burden will exceed current forecasts,” says Moody’s.
Predictably, Premier Christy Clark is pleased with today’s news.
“B.C. is a leader in controlling spending, attracting investment, and diversifying markets for our goods. Moody’s upgrading B.C.’s credit rating outlook to AAA stable – the highest possible – is further validation of the hard work British Columbians have done to build a growing, diverse economy.”