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Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

Saskatchewan, Province of: Rating Report

On July 18, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and both the Long-Term Debt and Short-Term Debt ratings of the Province of Saskatchewan at AA (low), AA (low), and R-1 (middle), respectively. All trends are Stable.

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

DBRS Morningstar Confirms the Province of Saskatchewan at AA (low) and...

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms the Province of Saskatchewan at AA (low) and R-1 (middle), Stable Trends

Aditi Joshi ... (+3)
  • Aditi Joshi
  • Thomas R. Torgerson
  • Travis Shaw

Saskatchewan's 2023–24 Budget: Swiftly Back to Balance

The Province of Saskatchewan (the Province; rated AA (low) with a Stable trend by DBRS Morningstar) presented its 2023–24 budget on March 22, 2023. Prudent fiscal management and a recovery in resource revenues have resulted in a swift return to balance and a quickly declining debt-to- GDP ratio. Because of the recent turnaround in its fiscal trajectory, the Province is well-positioned to withstand a deteriorating macroeconomic backdrop and potential commodity price volatility without materially ...

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

Provincial 2022–23 First Quarter Wrap-up—Rapid Fiscal Turnaround but M...

Most provinces have experienced a dramatic fiscal turnaround and appear well-positioned to outperform budget targets for 2022–23; however, these trends are unlikely to be sustained as the economic outlook becomes increasingly clouded. Notwithstanding these headwinds, the majority of DBRS Morningstar's provincial ratings currently have Stable trends as strong fiscal performance has contributed to financial flexibility at the current ratings.

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

Saskatchewan, Province of: Rating Report

On July 19, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and both the Long-Term Debt and Short-Term Debt ratings of the Province of Saskatchewan at AA (low), AA (low), and R-1 (middle), respectively. All trends are Stable.

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Apurva Khandeparker

Province of Saskatchewan 2022 Budget: Gaining a Sure Footing

The Province of Saskatchewan released its 2022–23 provincial budget on March 23, 2022. This budget suggests a stronger-than-expected recovery reflecting the Province’s expectations of ongoing economic momentum, higher average resource prices, and strict spending control in the near term. Key investment priorities remain focused on healthcare, education, social assistance, economic recovery, and public safety.

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

Saskatchewan, Province of: Rating Report

On July 19, 2021, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and both the Long-Term Debt and Short- Term Debt ratings of the Province of Saskatchewan (Saskatchewan or the Province) at AA (low), AA (low), and R-1 (middle), respectively. All trends are Stable.

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

DBRS Morningstar Confirms the Province of Saskatchewan at AA (low) and...

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms the Province of Saskatchewan at AA (low) and R-1 (middle), Stable Trends

Aditi Joshi ... (+2)
  • Aditi Joshi
  • Travis Shaw

Province of Saskatchewan Budget 2021—A Longer Path to Recovery, but De...

The Province of Saskatchewan (Saskatchewan or the Province; rated AA (low) with a Stable trend by DBRS Morningstar) released its 2021 budget on April 6, 2021. This budget marks a departure from the Saskatchewan Party's pre-election plan presented in August 2020 and now entails a longer path to balance and a somewhat increased debt burden.

Paul Le Bane ... (+2)
  • Paul Le Bane
  • Travis Shaw

Saskatchewan's First Quarter Fiscal Update and Medium-Term Forecast

On August 27, 2020, the Province of Saskatchewan (Saskatchewan or the Province) released its first quarter fiscal update along with medium-term budget projections showing the Province will not balance its budget until the mid-2020s. The release comes ahead of Saskatchewan's fall election, legislated for October 26, 2020.

Paul Le Bane ... (+2)
  • Paul Le Bane
  • Travis Shaw

Saskatchewan, Province of: Rating Report

On June 18, 2020, DBRS Limited (DBRS Morningstar) downgraded the Issuer Rating and the Long-Term Debt and Short-Term Debt ratings of the Province of Saskatchewan (Saskatchewan or the Province) to AA (low), AA (low), and R-1 (middle) from AA, AA, and R-1 (high), respectively. DBRS Morningstar also downgraded the ratings of Saskatchewan Power Corporation’s Long-Term Obligations and Short-Term Obligations to AA (low) and R-1 (middle), respectively (for more information, see the Saskatchewan Power...

Paul Le Bane ... (+2)
  • Paul Le Bane
  • Travis Shaw

DBRS Morningstar Downgrades Province of Saskatchewan to AA (low), Stab...

Please refer to PDF document for more detail about our research: DBRS Morningstar Downgrades Province of Saskatchewan to AA (low), Stable Trends

Aditi Joshi ... (+3)
  • Aditi Joshi
  • Paul Le Bane
  • Travis Shaw

DBRS Morningstar Downgrades Ratings on Alberta, Places Ratings on Sask...

Please refer to PDF document for more detail about our research: DBRS Morningstar Downgrades Ratings on Alberta, Places Ratings on Saskatchewan and Newfoundland and Labrador Under Review with Negative Implications

Paul Le Bane ... (+2)
  • Paul Le Bane
  • Travis Shaw

DBRS Morningstar Releases Updated Provincial Corporate Risk Assessment...

Please refer to PDF document for more detail about our research: DBRS Morningstar Releases Updated Provincial Corporate Risk Assessment Scorecard

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