B.C. finance minister says double-A credit rating sign of continued stability
VICTORIA — British Columbia’s Finance Minister Carole James says Dominion Bond Rating Service has confirmed the province’s double-A high credit rating, maintaining the rate the province has held since May 2007.
The Ministry of Finance says in a news release that the rating recognizes B.C.’s growing economy, balanced fiscal policy and affordable debt.
It calls the double-A high rating “a strong affirmation of the province’s direction and fiscal position.”
Dominion’s report forecasts the provincial economy will grow by 2.9 per cent this year before slowing to a “more sustainable pace” of around 2 per cent.