Premier Susan Holt is emphasizing the positive in a recent credit-rating agency report that downgraded the province’s financial outlook.
N.B. premier emphasizes positive in rating agency’s report
Jacques Poitras · CBC News
· Posted: Apr 15, 2026 5:00 AM EDT | Last Updated: 2 hours ago
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Premier Susan Holt described the province’s recent credit rating as encouraging. (Chad Ingraham/CBC News)
Premier Susan Holt is emphasizing the positive in a recent credit-rating agency report that downgraded New Brunswick’s financial outlook.
Holt told a committee of the legislature Tuesday that it was “encouraging” that Moody’s Ratings had not changed the province’s long-term debt rating of Aa1.
“There was some celebration last Friday when Moody’s announced that they were going to keep our credit rating at Aa1 and that we would retain our position as highest in the East and tied with Saskatchewan for highest in the country,” she said.
The same report downgraded the province’s baseline credit assessment from Aa2 to Aa3 and shifted its outlook from “stable” to “negative.”
The recent Liberal budget projects a $1.39 billion budget deficit this fiscal year,
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