B.C.’s government is touting the news that the province’s AAA credit rating is being extended by international rating agency Standard and Poors (S&P), with the finance minister saying this shows the NDP approach is fiscally prudent.
But Chris Gardner, the head of the Independent Contractors Business Association, cautions that it’s still early days.
“We’ve got to wait and see. I think much of this reaffirmation of the triple-A credit rating is legacy management from the former government,” he said.
Gardner has questioned the business climate under an NDP government, and says the proof will lie in what happens in next year’s budget and those beyond.
Gardner also says he thinks this rating extension is because of work the previous government did — not what the NDP is promising to do.
“They really haven’t had a chance to, they’ve sent some early signals, but they haven’t had a chance to really run and manage the affairs of government.”
The S&P AAA rating has been in place since 2007.