The province’s credit rating will remain stable.
Standard and Poor’s, a global credit rating agency, reaffirmed New Brunswick’s A+ rating.
In a statement, S&P said it expects the provincial government to introduce measures to improve the budgetary performance over the next two years after years of strong population growth that increased spending pressure on services and infrastructure.
Finance Minister René Legacy said the government is happy with the decision.
“Our stronger liquidity position bolsters our credit profile relative to other provinces,” he said. “And we will continue to manage the province’s finances responsibly, while making the investments we need.”
