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Hey there, time traveller!
This article was published 27/05/2023 (1054 days ago), so information in it may no longer be current.
Manitoba’s credit rating gets boost
The Manitoba government received an A+ credit rating from S&P Global Ratings this month.
The credit profile reflects a “well-diversified economy, strong financial management and legislated deficit reduction policy,” the government said in a release Friday. However, high inflation and the province’s debt tempered the outlook.
“Manitobans should feel reassured by this report, knowing that the Manitoba government is taking the stable, measured approach that is needed to weather the current economic climate,” Finance Minister Cliff Cullen said in the release.
The agency reported healthy economic growth over the next two years should allow government to increase its focus on fiscal sustainability while tax cuts could improve Manitoba’s competitiveness, the province said.