reports
- Apurva Khandeparker
- Thomas R. Torgerson
- Travis Shaw
Nova Scotia's 2023 Budget: Persistent but Manageable Deficits
The Province of Nova Scotia (Nova Scotia; rated A (high) with a Stable trend by DBRS Morningstar) released its 2023 budget on March 23, 2023 (Budget 2023). Budget 2023 allocates substantial investments to healthcare, which continues to take centre stage of spring provincial budgets. The increased spending is accompanied by continued deficits and rising debt amid a macroeconomic slowdown, which is expected to reduce flexibility over the medium term. However, we note that Nova Scotia entered this ...
- Aditi Joshi
- Travis Shaw
Nova Scotia, Province of: Rating Report
On November 10, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the Province of Nova Scotia (Nova Scotia or the Province) at A (high) and confirmed the Province’s Short- Term Debt rating at R-1 (middle). Concurrently, DBRS Morningstar confirmed the Guaranteed Long-Term Debt and Guaranteed Short-Term Debt ratings of the Nova Scotia Municipal Finance Corporation at A (high) and R-1 (middle), respectively, and the Nova Scotia Power Finance Corporation'...
- Aditi Joshi
- Travis Shaw
- Ravikanth Rai
- Tom Li
- 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
- Travis Shaw
- Paul Le Bane
- Travis Shaw
- Paul Le Bane
- Travis Shaw
Nova Scotia, Province of: Rating Report
DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the Province of Nova Scotia (Nova Scotia or the Province) at A (high) and confirmed the Province’s Short-Term Debt rating at R-1 (middle). Concurrently, DBRS Morningstar confirmed the Guaranteed Long-Term Debt and Guaranteed Short-Term Debt ratings of the Nova Scotia Municipal Finance Corporation at A (high) and R-1 (middle), respectively, and the Government Guaranteed Debt of the Nova Scotia Power Finance C...
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