Provincial Credit Ratings

Credit ratings are an evaluation of a borrower’s ability to pay interest and to repay principal. British Columbia has one of the highest credit ratings among the Canadian provinces, reflecting its strong balance sheet and the depth and diversity of its economy.

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 on an annual basis:

  • Moody’s
  • Standard & Poor’s
  • Dominion Bond Rating Service
  • Fitch Ratings

Each agency conducts a detailed review following the provincial budget presentation and each agency monitors the province throughout the year.

Moody’s Investors Service:

Long Term:

Aaa

Short Term:

P-1

Outlook:

Stable

Publications:

Moody’s Credit Report (PDF, 1.2MB)

Standard and Poor’s:

Long Term:

AAA

Short Term:

A-1+

Outlook:

Stable

Publications:

S&P Credit Report (PDF)

Dominion Bond Rating Service:

Long Term:

AA (high)

Short Term:

R-1 (high)

Outlook:

Stable

Publications:

DBRS Credit Report (PDF)

DBRS Press Release – April 2, 2018 (PDF)

Fitch Ratings:

Long Term:

AAA

Short Term:

F1+

Outlook:

Stable

Publications:

Fitch Ratings Credit Report (PDF)