DBRS confirms Saskatchewan

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

The trends are stable.

According to the agency, Saskatchewan's strong credit profile continues to be supported by a relatively low and declining debt burden, favorable fiscal results and strong economic growth potential.

Although considerable uncertainty persists with respect to global growth forecasts and, ultimately, demand for Saskatchewan's growing commodity exports, the Province demonstrated in 2009-10 that it can manage these headwinds with only limited erosion to its financial profile, DBRS added.

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