REGINA — S&P Global Ratings has affirmed Saskatchewan's AA credit rating and stable outlook.
Saskatchewan continues to have the second highest credit rating among Canadian provinces when all three major rating agencies (Moody's, DBRS Morningstar, and S&P) are considered.
In its release S&P states, "the stable outlook reflects our expectation that in the next two years the provincial economy will expand and Saskatchewan's prudent financial management will help its budgetary performance improve towards balanced operating results while maintaining strong liquidity levels."
Saskatchewan is poised to be a leader in economic growth among the provinces in 2022, according to private sector forecasts, based on continued high commodity prices, increased private sector investment and a return to a more normal year for agriculture, a government press release states.
Through the first three months of 2022, Saskatchewan posted the highest growth in wholesale trade, at 38.1 per cent, and the highest growth in manufacturing sales, at 37.0 per cent, among the provinces. In that time Saskatchewan also posted the second-highest employment rate, 63.5 per cent, and third highest growth in retail sales, 8.2 per cent, among the provinces.
