AAA credit rating for BC

VICTORIA – The three major credit rating agencies have affirmed their credit ratings for the Province of B.C., including triple-A ratings – the highest possible – from Standard & Poor’s and Moody’s Investors Services, Finance Minister Kevin Falcon announced.

The reports come in the wake of meetings held with the rating agencies and as Falcon is undertaking four days of annual post-budget meetings with investors in New York, Montreal, Toronto and Chicago, April 10-13.

These independent assessments are based on the Province’s consistent track record of fiscal and economic management that have helped B.C.’s economy weather the global economic downturn and put the province on track to balance the budget in 2013-14.

B.C.’s track record of fiscal discipline, one of the most competitive tax rates for residents and businesses in Canada, and the province’s shifting trade mix toward Asia rather than North America were all cited as strengths of B.C.’s fiscal and economic performance.