New Brunswick’s credit rating has been upheld by a major rating agency, but that decision hinges on the Holt government taking action to reduce the budget deficit in the next two years.
S&P agency says it could still lower rating if Holt government’s restraint measures don’t go far enough
Jacques Poitras · CBC News
· Posted: Apr 27, 2026 4:01 PM EDT | Last Updated: 1 hour ago
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New Brunswick Finance Minister René Legacy says the government is committed to maintaining a ‘good fiscal position.’ (Michael Heenan/CBC)
New Brunswick’s credit rating has been upheld by a major rating agency, but that decision hinges on the Holt government taking action to reduce the budget deficit in the next two years.
S&P Global said both its long-term A+ credit rating and its A-1+ short-term ratings remain unchanged based on an expectation the province “will introduce measures to improve its budgetary performance in the next two years,” the agency said in its news release.
“The stable outlook reflects our expectation that the province will take actions in the next two years to prevent further deterioration of its credit metrics,” it said.
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