Tag: Tyffani

Positive Outlook From Third Major Bondrating Agency

first_imgA third major bond-rating agency has given Nova Scotia a positive outlook, reflecting the province’s improving fiscal position. Standard and Poor’s Ratings Services announced on Tuesday, Sept. 27, that it revised its outlook on Nova Scotia’s long-term debt to positive from stable. The bond-rating agency said in a release that the credit rating reflects the Nova Scotia government’s “significant progress” in reducing the province’s debt and its “sustained improvement” in fiscal performance in the last several years. Dominion Bond Rating Service and Moody’s Investors Service also changed the trend on Nova Scotia’s long-term debt to positive from stable in the summer. Finance Minister Peter Christie said it is encouraging to have another bond-rating agency recognize the province’s sustained efforts to improve Nova Scotia’s financial performance.last_img read more

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