S & P confirms B.C.'s 'AAA' credit rating

By Greg Fry
November 16, 2017 - 2:15pm Updated: November 16, 2017 - 3:38pm

KAMLOOPS — Good news on the financial front in British Columbia.

This as credit agency Standard and Poor's has confirmed B.C.'s 'AAA' long-term credit rating.

Finance Minister Carole James calls it a reflection of the province's "superior financial management practices, strong economy, and robust liquidity."

In their report, S & P touted the province's "robust and diversified economy, large resource endowments, high-ranking livability, and close proximity to Asian markets."

B.C. has been rated AAA with S & P since May 2007, when the province was upgraded from AA+.

The Province notes B.C. is the only province rated triple-A with all three international credit rating agencies: Moody's, S & P's and Fitch.

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