Strong and Steady: Saskatchewan Maintains Top Provincial Credit Rating

Source: Saskatchewan - Government News
Date: 2026-09-14 21:00:00.0
Tags: [Saskatchewan, Finance, Taxation, Economy, Affordability]

Moody's Investors Service, Morningstar DBRS, and S&P Global have affirmed Saskatchewan's top provincial credit ratings (Aa1, AA (low), and AA respectively) with stable outlooks, citing strong financial management and a manageable debt burden. Deputy Premier and Minister of Finance Jim Reiter noted that the province's economic strength supports the 2026-27 Budget, which implements the second year of a four-year provincial income tax reduction plan providing approximately $200 million in savings. Under this plan, a family of four pays no provincial income tax on their first $65,000 of income, representing the highest threshold in Canada. Furthermore, Saskatchewan projects real Gross Domestic Product growth to rank third-highest among provinces in 2026 and second-highest in 2027, alongside maintaining the second-lowest net-debt-to-GDP ratio in the country.