The provincial NDP is worried about the slide in Saskatchewan credit Rating under the governance of the Sask. Party. Official Opposition Finance Critic Trent Wotherspoon wrote a letter to the Finance Minister demanding answers on the potential future costs facing Saskatchewan as a result of the latest downgrade of the province’s credit rating by Moody’s.
Wotherspoon says, “We’ve lost our AAA credit rating as a result of the Sask. Party’s mismanagement of our finances over the last decade, and now Saskatchewan people will be forced to pay the price.” He says, “The Sask. Party needs to tell the people of our province how much their record of mismanaged projects, corrupt deals, and outsourcing jobs is going to cost, and how the Sask. Party plans on making people pay.”
The NDP says, on May 21, Moody’s downgraded our credit rating from Aaa to Aa1. Moody’s is the latest agency to downgrade Saskatchewan’s credit rating, following downgrades by DBRS in 2020, and Standard and Poor’s in 2016 and 2017.