DBRS confirms Saskatchewan

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

The trend is stable.

Saskatchewan's credit profile continues to be supported by its enviable fiscal performance, very manageable debt burden and a strong domestic economy, DBRS said.

Although the province remains exposed to significant economic and fiscal volatility due to its high reliance on resource revenues, the above attributes provide it with ample flexibility to withstand a period of slow economic growth or moderate deterioration in commodity prices without adversely impacting its credit profile, the agency said.

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