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Alberta’s credit rating improves for the fourth time in one year
One credit rating agency says it is becoming increasingly confident in the Government of Alberta’s fiscal management.
Moody’s Rating has upgraded its outlook on the provincial government from stable to positive.
“The positive outlook reflects our view that if Alberta adheres to the governance controls as per its fiscal framework introduced in 2023, its debt and liquidity levels could be stronger than we currently project,” reads a statement from Moody’s.
Alberta is one of only two Canadian provinces that Moody’s says is already in budgetary balance.