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Provincial credit ratings

Last updated on April 10, 2025

Credit ratings are an indication of a borrower’s ability to pay interest and to repay the principal balance, upon maturity, of its outstanding debt.

B.C.’s credit rating affects the government’s borrowing costs and the investor’s rate of return since an investor will demand a higher interest rate on riskier, lower-rated securities.

Current ratings

The Province is rated by the following credit rating agencies:

  • Moody’s
  • Standard & Poor’s
  • Morningstar DBRS
  • Fitch Ratings

Each agency conducts a detailed review following the release of the provincial budget and will conduct ongoing market surveillance on the province throughout the year.

Moody’s Investors Service:

Long Term:

Aa1

Short Term:

P-1

Outlook:

Negative

Publications:

Standard and Poor’s:

Long Term:

A+

Short Term:

A-1

Outlook:

Negative

Publications:

Morningstar DBRS:

Long Term:

AA (high)

Short Term:

R-1 (high)

Outlook:

Stable

Publications:

Fitch Ratings:

Long Term:

AA+

Short Term:

F1+

Outlook:

Stable

Publications:
Disclaimer

This page is intended for information purposes only.