DBRS confirms Alberta

DBRS said it confirmed the long- and short-term debt ratings of the Province of Alberta at AAA and R-1 (high), respectively.

The trend is stable.

The province stands to benefit from a recovery in the energy sector and financial markets, DBRS said, but will need to tighten spending discipline to ensure the continuation of sound fiscal results.

Alberta's low, though rising, debt burden and strong liquidity position - thanks mainly to its large sustainability fund - continue to support the ratings and leave the province well-positioned to withstand a potentially prolonged period of soft economic growth and weaker energy prices, the agency said.

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