reports
- Aditi Joshi
- Thomas R. Torgerson
- Travis Shaw
New Brunswick, Province of: Rating Report
On May 26, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the Province of New Brunswick (New Brunswick or the Province) at A (high) and its Short-Term Debt rating at R-1 (middle). Concurrently, DBRS Morningstar confirmed the Guaranteed Long-Term Liabilities and Guaranteed Short-Term Liabilities ratings of New Brunswick Municipal Finance Corp. at A (high) and R-1 (middle), respectively. All trends are Stable.
- Aditi Joshi
- Thomas R. Torgerson
- Aditi Joshi
- Thomas R. Torgerson
- Travis Shaw
New Brunswick's 2023–24 Budget: Positive Fiscal Performance to Mitigat...
The Province of New Brunswick (New Brunswick or the Province; rated A (high) with a Stable trend by DBRS Morningstar) presented its 2023–24 budget on March 21, 2023. Despite slowing economic momentum, the government continues to prioritize fiscal sustainability, projecting modest budget surpluses will continue and the debt-to-GDP ratio will decline. Together, these two factors provide increased financial flexibility within the current rating category.
- 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
New Brunswick, Province of: Rating Report
On June 1, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the Province of New Brunswick at A (high) and its Short-Term Debt rating at R-1 (middle). Concurrently, DBRS Morningstar confirmed the Guaranteed Long-Term Liabilities and Guaranteed Short-Term Liabilities ratings of New Brunswick Municipal Finance Corp. at A (high) and R-1 (middle), respectively. All trends are Stable.
- Aditi Joshi
- Travis Shaw
- Aditi Joshi
- Travis Shaw
- Aditi Joshi
- Travis Shaw
Province of New Brunswick Budget 2021 - Credit Profile Remains Intact
The Province of New Brunswick (New Brunswick; rated A (high) with a Stable trend by DBRS Morningstar) released its 2021 budget on March 16, 2021. This marks New Brunswick's first budget since the onset of the Coronavirus Disease (COVID-19) pandemic in March 2020, and its first since the Progressive Conservative Party won a majority government in September 2020.
- Paul Le Bane
- Travis Shaw
- Paul Le Bane
- Travis Shaw
New Brunswick, Province of & Related Entities: Rating Report
DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the Province of New Brunswick (New Brunswick or the Province) at A (high) and its Short-Term Debt rating at R-1 (middle). Concurrently, DBRS Morningstar confirmed the Guaranteed Long-Term Liabilities and Guaranteed Short-Term Liabilities ratings of New Brunswick Municipal Finance Corp. at A (high) and R-1 (middle), respectively. All trends are Stable, reflecting DBRS Morningstar's view that while financial r...
- Aditi Joshi
- Paul Le Bane
- Travis Shaw
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