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Saskatchewan's Aa1 (Stable) Credit Rating Affirmed By Moody's Investors Service

Released on May 8, 2024

Today, Moody's Investors Services affirmed Saskatchewan's credit rating at Aa1 with a stable outlook.

"This announcement from Moody's is confirmation of the strength of the Saskatchewan economy and affirms the decisions that were made in the recent provincial budget," Deputy Premier and Minister of Finance Donna Harpauer said. "While the volatile world economy provides challenges, Saskatchewan continues to maintain one of the lowest net debt-to-GDP ratios in the country. It also supports our decision to pay down government operating debt by $2.5 billion over the last two fiscal years."

In their release, Moody's states, "The province's fiscal outlook and treasury management are very strong. The stable outlook reflects Saskatchewan's capacity to preserve long-term fiscal health."

Saskatchewan currently has the second-highest credit rating among the provinces when all three major rating agencies are considered. The province's GDP reached an all-time high of $77.9 billion in 2023, and increased 1.6 per cent.

Ratings by firms such as Moody's Investors Services, a major credit rating agency in the international financial community, influence the cost that a government pays on borrowed money. 


For more information, contact:

Media Relations
Phone: 306-787-8109

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