Prince Edward Island's 2023 Budget: Fiscal and Economic Challenges Persist
The Province of Prince Edward Island (rated "A" with a Stable trend by DBRS Morningstar) presented its 2023–24 budget on May 25, 2023. While significant external risks persist, economic growth will likely remain positive. The re-election of the Progressive Conservative Party as a majority government ensures a continuation of policy and key fiscal priorities in the Province. However, DBRS Morningstar notes that a weaker fiscal outlook and rising debt will reduce flexibility within the current ratings.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.