{"id":730453,"date":"2026-06-11T20:06:13","date_gmt":"2026-06-11T20:06:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/730453\/"},"modified":"2026-06-11T20:06:13","modified_gmt":"2026-06-11T20:06:13","slug":"sp-adjusts-nls-economic-outlook-from-stable-to-negative","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/730453\/","title":{"rendered":"S&#038;P Adjusts NL\u2019s Economic Outlook from Stable to Negative"},"content":{"rendered":"<p>\t\t\t\t&#13;<\/p>\n<p>\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/confed-confederation-building-st-johns-provincial-government.jpg\" class=\"header-image\" alt=\"S&amp;P Adjusts NL's Economic Outlook from Stable to Negative\"\/><\/p>\n<p class=\"wp-caption-text\">(VOCM News)<\/p>\n<p>There is no change in the province\u2019s credit rating, but S&amp;P Global Ratings <a href=\"https:\/\/www.spglobal.com\/ratings\/%5Blang%5D\/regulatory\/article\/-\/view\/type\/HTML\/id\/3577481\" rel=\"nofollow noopener\" target=\"_blank\">has revised its outlook for Newfoundland and Labrador <\/a>from Stable to Negative based on the risk of rising deficits. <\/p>\n<p>S&amp;P says the province has \u201csignificant economic opportunities for growth\u201d however higher healthcare costs and new affordability measures could lead to greater operating deficits, adding to the province\u2019s \u201calready high\u201d and growing \u201cdebt burden.\u201d <\/p>\n<p>S&amp;P says the negative outlook reflects its expectation that weaker fiscal outcomes in the next two years could persist despite healthy economic activities. <\/p>\n<p>That includes higher operating deficits and elevated after-capital deficits of more than 10 per cent of total revenue. <\/p>\n<p>The agency says the province\u2019s credit rating could be lowered in the next two years, if \u201cmeaningful fiscal response\u201d is not taken and operating deficits persist.  <\/p>\n<p>The outlook could return to stable however, if government limits its spending growth, and an agreement on the energy deal with Quebec is reached.   <\/p>\n","protected":false},"excerpt":{"rendered":"&#13; (VOCM News) There is no change in the province\u2019s credit rating, but S&amp;P Global Ratings has revised&hellip;\n","protected":false},"author":2,"featured_media":720955,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-730453","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/730453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=730453"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/730453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/720955"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=730453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=730453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=730453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}