Premier Paul Davis was proud of the fact that a bond rating agency had confirmed the province's credit rating.
Curiously, he never told anyone which rating agency it was and, as it seems, very few if any news outlets reported on the release issued on November 19 by Dominion Bond Rating Service.
DBRS confirmed the provincial government's rating at "A" for long-term debt and "R-1 (Low)" for short-term debt. They also confirmed Newfoundland and Labrador Hydro at 'A' for long-term debt and "R-1 (Low)" with stable trending.
What's interesting, though, is that DRBS doesn't seem to have had access to up-to-date financial information even though they issued the rating in late November 2015. Here's the basis for the stable rating, according to the news release:
Showing posts with label credit rating. Show all posts
Showing posts with label credit rating. Show all posts
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