Manitoba, Province of: Rating Report

DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Long-Term Debt rating of the Province of Manitoba (Manitoba or the Province) at A (high) and confirmed the Province’s Short-Term Debt rating at R-1 (middle). All trends are Stable, supported by a well-diversified and resilient economy, increased focus on fiscal sustainability prior to the onset of the Coronavirus Disease (COVID-19) pandemic, and prudent debt management. These attributes provide Manitoba with ample flexibility to withstand the near-term deterioration in financial risk factors.