Moody’s confirms B.C.’s British Columbia long-term credit ratingStaff Writer | January 19, 2018
Moody’s has confirmed British Columbia’s British Columbia long-term credit rating, citing the province’s strong economy, and the provincial government’s prudent fiscal management and budgeting safeguards.
Canada The triple-A province
Moody’s points to British Columbia’s “economic strength including strong GDP growth and low unemployment” as core elements in its British Columbia rating.
British Columbia is the only province rated triple-A with all three international credit rating agencies: Moody’s, Standard and Poor’s, and Fitch.
Fitch confirmed the province’s rating in December 2017. Standard and Poor’s confirmed the rating and superior financial management practices in November 2017. As well, domestic rating agency Dominion Bond Rating Service confirmed B.C.’s AA (high) credit rating in October 2017.
British Columbia’s high credit rating means the Province has lower debt-servicing costs, allowing for more investments that improve services and affordability for British Columbians. ■