“I am pleased to see that Moody’s Ratings has upgraded Alberta’s credit rating outlook to positive from stable and confirmed our Aa2 standing, recognizing our commitment to balance the budget, control spending and pay down debt. This is our fourth credit upgrade in the last year, and fifth in the past 18 months.
“This credit upgrade follows Fitch’s upgrade in June, which reiterated that our province is the economic engine of Canada. While maintaining that role, we have invested record amounts in health care and education and continued paying our debts as they come due and saving for the future.
“Moody’s says its projections for Alberta could be even stronger going forward as we continue to limit debt and use our budget wisely. As the international bond market continues to rank Alberta as a safe market with strong economic and fiscal fundamentals, we pay less on debt servicing costs and spend more on the things that matter to Albertans.
“Our commitment to responsible fiscal management is already paying off. We ended the 2023-24 fiscal year with a $4.3-billion surplus. We gained 85,000 new jobs thanks to our low taxes and growing economy.
“Our future is bright, but we must continue to be responsible stewards of taxpayer dollars so that we can meet the needs of Albertans and build a stronger future for our children and grandchildren. We will build Alberta’s Heritage Fund, grow opportunity and ensure a prosperous future for our growing population.”