News Release

FREDERICTON (GNB) – The following statement was issued today by Finance Minister Cathy Rogers regarding Moody’s Investors Services’ credit update on New Brunswick:

While the province’s rating is stable, your government remains focused on growing the economy and returning to balanced budgets.

Moody’s is one of three credit rating agencies that rate the province. Moody’s Investors Service, a global credit rating agency, announced that New Brunswick has maintained an Aa2 credit rating with a stable outlook based on a high degree of fiscal flexibility and an expectation of a stabilization in the province’s debt burden over the medium term.

Your government remains committed to working to get our province’s finances in order to address the debt challenges that have been identified. Improving our province’s financial situation is imperative to improving the economy, creating jobs and improving life for New Brunswick families.

We have a balanced and comprehensive plan to address our fiscal challenges, and we will continue to stay focused on that plan.