Fitch affirms Saskatchewan

Fitch Ratings said it affirmed the province of Saskatchewan's long-term obligations at AA, long-term local-currency obligations at AA, senior unsecured obligations at AA and short-term obligations at F1+.

The outlook is stable.

The ratings are based on the province's progress in recent years in reducing outstanding obligations and building balances, Fitch said.

The province has demonstrated a commitment to maintaining fiscal balance despite exposure to cyclical economic and revenue trends, the agency said.

Provincial revenues are very diverse, although the sizable natural resource-related component is cyclical, Fitch added.

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