Yukon’s strong financial position has been affirmed with an AA Stable credit rating and a stable outlook by S&P Global Ratings (S&P) which is a leading credit rating agency publishing global financial research, analysis, and credit ratings.
During the evaluation of Canadian provinces and territories, S&P considered demographic trends, the economic performance of the private sector, and government finances.
Revenue and expenditure impacts related to the COVID-19 pandemic are considered to be temporary since S&P’s expectation is Yukon to maintain relatively stable fiscal performance.
A stable economy in Yukon will attract more immigrants in the future and help the province obtain more investments.
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