Wotherspoon asks for answers on impact of credit rating downgrade

Today, 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.

“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,” said Wotherspoon. “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 - whether through cuts to services, sale of Crown corporations or public assets, tax increases, or even more debt and deficits.”

On May 21, 2021, the ratings agency Moody’s downgraded Saskatchewan’s 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.

“People deserve answers when it comes to our public finances, and the Sask. Party should be straight with Saskatchewan people when it comes to the cost of accessing capital going forward, and the cost of servicing the record amount of debt this government has racked up over the last 14 years.”

Please see the attached link to Trent Wotherspoon’s letter to the Finance Minister.

-30-

Latest posts

KEVIN WEEDMARK REFUNDS TAXPAYERS FOR JOURNALISM GRANT HIS PAPER RECEIVED

KEVIN WEEDMARK REFUNDS TAXPAYERS FOR JOURNALISM GRANT HIS PAPER RECEIVED The Moosomin-Montmartre MLA Continues Hiding From Media As Questions Grow

REGINA – Today, more questions about embattled MLA Kevin Weedmark have been raised following the release of an article from Grasslands News about his privately owned and operated newspaper, The World Spectator.

BRIGHTON RESIDENTS LEFT IN THE DARK: CARLA BECK'S TEAM CALLS OUT MLA KEN CHEVELDAYOFF OVER PHANTOM SCHOOLS

SASKATOON— Carla Beck's team, joined by local Brighton resident Dr. Sarah Chomicki, is calling on Scott Moe to fulfill his government's broken promises and immediately get to work on a neighborhood school for the rapidly growing community of Brighton.

NEW DATA SHOWS THAT SASKATCHEWAN HAS THE HIGHEST CHILD FOOD BANK USAGE IN CANADA

Beck Commits To School Nutrition Program, Doing All She Can To End Child Poverty
REGINA – Carla Beck’s team is sounding the alarms on new data showing more children in Saskatchewan are forced to rely on the food bank than anywhere else in Canada.

CARLA BECK GOVERNMENT WOULD RESTORE DIRECT-TO-LANDLORD RENT PAYMENTS AS MOOSE JAW FACES RISING HOMELESSNESS

More Affordable Housing, Rent Control Also Part Of Plan Being Developed By Beck’s Team
MOOSE JAW – Carla Beck’s team is in Moose Jaw today committing that, should they form the next provincial government, her team will restore direct-to-landlord rent payments for Saskatchewan Income Support (SIS) and Saskatchewan Assured Income for Disability (SAID) clients.

NDP Caucus Office